Marine & General records loss in 1Q due to low charter rates

Marine & General records loss in 1Q due to low charter rates

The Edge Markets - Malaysia·2019-09-20 23:40

KUALA LUMPUR (Sept 20): Marine & General Bhd (M&G), which charters marine vessels to oil and gas industry players, posted a net loss of RM8.43 million in its first quarter ended July 31, 2019, due to low charter rates resulting from the continuing market oversupply of offshore support vessels (OSVs).

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