TheSingapore-listed shipowner has posted a full year loss of just over $2mcompared to a profit of $4.6m seen a year ago.

Revenue for FY2013 was down 16.4% year-on-yearto $391.2m, while costs declined by 14.5% to a shade under $382m.

Regionalcontainer shipping revenue fell 18.2% to $274.5m due to lower volumes and a reduction in bunker cost recovery.

Samuderasaid the 9.3% decline in container volumes to 1.1mteu