Unrest in the Middle East, a “fragile global economy” and a tonnage surplus have Malaysian Bulk Carriers feeling cautious about future prospects.
The tanker and bulker owner reported a dip in full-year profit as reduced offshore activities from related companies devoured higher revenues from improved rates.
Although the Kuala Lumpur-quoted owner expects to make in a profit this year, “barring unforeseen circumstances”, it has also warned of a “challenging” 2011.
“Concerns
