Start-up costs for a new cabotage liner service dented quarterly operating profit at the division by 8.8% to $106.8m.
It came as quarterly revenue increased by $71.3m due to stronger rates for its offshore, harbour tug and products tanker fleets.
Jose Serrano, chief executive officer of Grupo TMM, said, “The company remains very optimistic of our industry over the long term and continues to explore ways to create long-term value for our shareholders.
