Wan Hai Lines has seen profit dwindle in the first quarter as revenue declined.
The containership owner from Taiwan said net earnings were TWD 15.21m ($0.46m) compared to TWD 2.07bn in 2015.
Revenue fell to TWD 14.05bn from TWD 17.16bn the year before.
Operating costs also shrank, to TWD 12.81bn from TWD 13.72bn.
