Malaysia’s Shin Yang Shipping has got off to a slower startin its new financial year as vessel operating margins dropped.
The liner and shipyard company said net earnings were MYR6.42m ($2m) in the first three months to 30 September, down from MYR 9.86m inthe same period of 2012.
Revenue grew to MYR 297m against MYR 216.6m, however, asit banked more money from newbuildings and vessel repair contracts.
Its
