The shipowner’s attributable profit including the HUD shipyard was HKD 1.04bn ($134m) from HKD 1.24bn in 2013.
Revenue from its 88 ships grew to HKD 7.23bn against HKD 6.29bn, but it was hit by “difficult market conditions in the second half of the year caused by the significant decline in the oil price.”
This put pressure on charter hire rates and utilisation.
Overall
