And with its shipyards now workingfurther into its post-crash orderbook of cheaper vessels it warns its bottomline faces an extra squeeze.
SGX-quoted Cosco Corp booked a profitof SGD 27.6m ($22.17m) in the three months to the end of June, down by 13% on ayear ago.
Revenue came down over 2% to SGD975.3m thanks in part to falling income from shipbuilding, the company says.
