Singapore-listed Cosco Shipping International has posted a drop in earnings in the third quarter as financial costs rose.

The bulker owner and ship repairer said the net figure to 30 September was SGD 1.19m ($0.87m), from SGD 2.2m in the same period of 2018.

Revenue was down at SGD 42.06m versus SGD 42.15m a year ago.

There was lower income from shipping and property, but this was partially offset by rises from shiprepair and logistics.