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.
 

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