Mercator Lines hit with $13.6m loss in Q1
Due to the volatile dry bulk shipping industry.
Mercator Lines (Singapore) Limited reported a net loss of $13.6m (US$9.9m) in the first quarter, compared to a net loss of $9.73m (US$7.1m).
The group suffered a 48% plunge in revenue to $11.64m (US$8.5m) due to continued volatility in the dry bulk shipping industry.