Independent journal on economy and transport policy
04:45 GMT+1
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Regional Container Lines stores the first quarter with a sharp drop in containerized loads carried by the fleet
Stable the revenues
May 18, 2020
In the first three months of this year, the revenues of the Thai Regional Container Lines (RCL), a shipping company that has a fleet of 46 container carriers employed in intra-Asian feeder services, amounted to 4.27 billion baht (133 million dollars), with a slight increase of 0.5% percent in the first quarter of 2019. Growth has been recorded despite a sharp decline in the volumes of containerized loads carried by the fleet that have been 489mla teu, with a reduction of more than -12% percent in the first three months of last year, growth that has been obtained also thanks to the effect of exchange rates. Operating profit amounted to 82.5 million baht (+ 135.8%) and net profit to 12.7 million baht compared to a net loss of -28.4 million baht in the first quarter of 2019.
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