CMB’s bulker owning subsidiary reported a loss of $5.84m in the period, compared to $8.8m in red numbers a year earlier.
For the half, however, Bocimar’s loss grew to $10.2m from $9.77m in the first six months of 2013.
“By comparison with the first half of 2013, the capesize spot markets have seen a strong recovery. The moderate influx of new tonnage and the growth of the world seaborne transport of iron ore contributed to this recovery,” the company said.
