RCL loses less

Thailand’s Regional Container Line (RCL) has reduced its deficit in the first quarter as revenue grew.

The boxship owner said it made a loss of THB 158.2m ($4.88m) on a net basis, from THB 358.56m in the same period of 2013.

Revenue grew to THB 3.5bn from THB 3.05bn year-on-year.

Total costs were THB 3.67bn, however, up from THB 3.42bn in 2013.