Shih Wei slips

Taiwan’s Shih Wei Navigation has fallen to a loss in the second quarter this year, as revenue dropped.

The bulker owner said net earnings to 30 June were TWD 15.55m ($518,000), down from a profit of TWD 60.3m in the same period of 2013.

Revenue fell to TWD 1.06bn compared to TWD 1.12bn the year before.