The Hong Kong-listedshipowner saw net income drop to $4.3m, or 11 US cents per share, versus the$20.1m, or 50 US cents, seen in FY2012.
Revenue was down12.3% year-on-year to $195m, while operating costs declined by almost 7% to$195.6m.
Drybulk revenues were down 10.6% from a year ago to $180m, while that from itsliner division fell by over 27% to $15.6m.
Sinotranssaw average daily time charter equivalent (TCE) rates for its owned bulkerfleet decline 15.4%
