First Steamship cuts loss in 2016
Taiwanese bulker owner benefits from lower one-off costs.
Taiwanese bulker owner First Steamship has managed to cut its annual loss as one-off costs fell.
The net deficit in 2016 was TWD 0.96bn ($31.6m), down from TWD 1.34bn the year before.
Revenue dropped to TWD 7.61bn from TWD 8.49bn, while operating costs were TWD 2.15bn against TWD 2.23bn in 2015.
But one-off expenses dropped from TWD 1.9bn to TWD 0.78bn over the same period.