Pacific Basin posted a first-half net profit of $3m, plummeting 94% from a profit of $51.9m in the same period of last year, Seatrade Asia reports.
The Hong Kong-listed dry bulk shipping company recorded revenue of $610.2m in the first six months compared to $616.5m a year ago.
“This has been a tough half-year for the dry bulk and roro sectors but, under the circumstances, we are reasonably satisfied with the results of most of our activities,” said Klaus Nyborg, ceo of Pacific Basin.
Pacific Basin operates in three maritime segments of dry bulk, energy and infrastructure services and roro.
The Hong Kong-listed dry bulk shipping company recorded revenue of $610.2m in the first six months compared to $616.5m a year ago.
“This has been a tough half-year for the dry bulk and roro sectors but, under the circumstances, we are reasonably satisfied with the results of most of our activities,” said Klaus Nyborg, ceo of Pacific Basin.
Pacific Basin operates in three maritime segments of dry bulk, energy and infrastructure services and roro.