The bulker and VLCC player said net earnings were TWD 437.75m ($14.71m)to 30 June, down from TWD 1.06bn in the same period of last year.
Revenue dropped to TWD 3.29bn against TWD 4.2bn in 2012.
The company added four more capesize bulkers to its newbuilding tally inJuly, bringing the number of ships it has under construction to 14.
U-Ming president CK Ong told TradeWinds that the quartet of 186,000-dwtbulkers were options held at Shanghai Waigaoqiao Shipbuilding (SWS).
