The net deficit to 31 March was EUR 119.1m ($163.8m)from a loss of EUR 93.6m in 2013, but the 2014 figure includes one-off costs related to the imminentmerger with Chile’s CSAV.
The company said it had “competed well”, despitea very challenging market, persistently high fuel costs and aggressive competition,however.
Revenue dropped to EUR 1.55bn from EUR 1.65bn,with rates under “considerable pressure”.
The average daily fee per box was $1,422per teu, down $124 per teu year-on-year.
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