The bulker owner said it lost TWD 55.38m ($1.85m) on a net basis to 31 March, comparedto a TWD 311.93m profit a year ago.

Revenue dipped to TWD 2.06bn from TWD 2.07bn year-on-year.

And non-operating losses were TWD 192m, against a gain of TWD122.28m in 2012.