Staff Reporter
,
Singapore
Due to weak ship chartering revenue.
Marco Polo Marine reported that its net profit plunged 74% to $334,000 in the second quarter.
This was on back of a 46% crash in its ship chartering revenue, mainly due to persistently weak shipping demand.
The group's results were also impacted by the deconsolidation of BBR following its disposal.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!