RCL record high profits and hopes
RCL (Regional Container Lines) Public Company Limited reveals its’ plans to expand container ships fleet in the second half of 2021. Company bought 6 second-hand ships, to be delivered in 3-4Q,
1Q revenue exceed all 2020 year profit by 67.5%, thanks to container sector freight rates rush. Company announced a record profit of THB 2.94 billion for 1Q21. This amount surpasses the already unprecedented profit of THB 1.3 billion achieved in 4Q20.
RCL’s handled volume grew 6% to 517,000 TEUs in 1Q21 from 489,000 TEUs in 1Q20. The average freight in 1Q21 jumped to THB 13,795 per TEU from a high THB 9,555 per TEU in 4Q20 and from a low THB 8,588 per TEU in 1Q20.
Three second-handed ships were purchased and financed by the Group’s own funds during 1Q21.
Founded in 1979, RCL is a Thai based container shipping line. Listed on the Thai Stock Exchange since 1988, its core business is in the carriage of Shipper owned containers (SOC) and its own Carrier container containers (COC) in a service network that is fully Asia centric. RCL currently owns and operates a fleet of 45 vessels with sizes ranging between 200 TEUs and 6621 TEUs. It also has a fleet of 115,744 TEUs to support its own COC carriage as well. RCL operates a network of 69 offices made up of both owned and agency partner offices to support its operations. Today, RCL is recognised as amongst the leading SOC and Intra Asian operator by both peers and customers alike.
Prima Marine still has hopes
Jun 10: Prima Marine Public Company Limited (PRM) is planning to expand its’ foreign operations in order to achieve its’ 2021 financial goal of bolstering revenues up to 10%. Domestic market, it seems, won’t be able to provide enough demand, to keep company growing, mainly because of decline in jet fuel consumption, accredited to foreign tourism near-collapse. The company is still planning to acquire 5 more tankers next year, laying its’ hopes (futile hopes – M.V.) with “pandemic” easing.
PRM is a fully integrated business operator in oil tanker and oil and petroleum storage in Thailand, 8 FSO units of VLCC type, and a fleet of some 30 tankers of less than 10,000 dwt.
Tug and container barge beached in Andaman sea VIDEO
June 13, 2021
Tug YKP MARINE got her propeller fouled in rope while towing container barge NAMTHONG 39 loaded with containers, at night Jun 6, in Andaman sea off Thailand coast. Tug and barge drifted onto the beach of Ko Phra Thong island, Thailand. Tug and barge are en route from Myanmar to Indonesia. Salvage operation is to commence with the arrival of salvage tug. Some or all of containers are loaded with rubber wood.
Tug YKP MARINE, IMO 8524844, GT 204, built 2014, flag Thailand.
The opinions expressed herein are the author’s and not necessarily those of News2Sea.
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