Chilean shipowner CSAV has seen earnings hit by a higher tax bill in the third quarter.
Net profit was cut to $2m from $4.17m last year, with revenue at $35.38m from $35.48m.
Costs rose to $31.28m against $29.78m, while it enjoyed a pre-tax boost of $14.38m from equity investments and joint ventures, compared to $9m in 2016.
This comes from its 25% stake in Hapag-Lloyd, to which it sold its containership interests.
