Exiting the container business has helped HUBLine turn a profit in the fourth quarter.

The Malaysian shipowner swung to a profit of MYR 6.3m ($1.5m) for the three months to the end of September, against a loss of MYR 3.8m in 2014.

It explained the positive result came thanks to favourable exchange gains of MYR 10m.

HUBLine said it was putting its loss-making boxship fleet up for sale in February.

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