Sincere earnings slide

Sincere Navigation of Taiwan has posted a lower second quarter profit despite increasing revenue.

The owner said it made TWD 275.6m ($9.2m) on a net basis to 30 June, against TWD 318.5m in the same period of 2013.

Revenue moved up to TWD 1.17bn from TWD 1.14bn the year before.

But the 2013 figure was boosted by one-off income of TWD 71m.


  1. Fourth quarter loss at Euroseas quadruples

    Vessel impairments drag down results at Aristides Pittas-led bulker and containership owner.

  2. Diana Shipping finds work for capesize

    New York-listed owner nets new charter from SwissMarine amid signs of market improvement.

  3. BHP starts platform to bypass brokers

    Australia's largest miner launches auction system to book iron ore shipment for China.