• ITVI.USA
    12,849.680
    -131.320
    -1%
  • OTLT.USA
    3.013
    0.057
    1.9%
  • OTRI.USA
    8.950
    0.010
    0.1%
  • OTVI.USA
    12,898.900
    -123.630
    -0.9%
  • TSTOPVRPM.ATLPHL
    3.060
    0.280
    10.1%
  • TSTOPVRPM.CHIATL
    2.580
    0.190
    7.9%
  • TSTOPVRPM.DALLAX
    1.920
    0.120
    6.7%
  • TSTOPVRPM.LAXDAL
    2.290
    0.130
    6%
  • TSTOPVRPM.PHLCHI
    2.110
    0.120
    6%
  • TSTOPVRPM.LAXSEA
    2.950
    0.070
    2.4%
  • WAIT.USA
    129.000
    3.000
    2.4%
  • ITVI.USA
    12,849.680
    -131.320
    -1%
  • OTLT.USA
    3.013
    0.057
    1.9%
  • OTRI.USA
    8.950
    0.010
    0.1%
  • OTVI.USA
    12,898.900
    -123.630
    -0.9%
  • TSTOPVRPM.ATLPHL
    3.060
    0.280
    10.1%
  • TSTOPVRPM.CHIATL
    2.580
    0.190
    7.9%
  • TSTOPVRPM.DALLAX
    1.920
    0.120
    6.7%
  • TSTOPVRPM.LAXDAL
    2.290
    0.130
    6%
  • TSTOPVRPM.PHLCHI
    2.110
    0.120
    6%
  • TSTOPVRPM.LAXSEA
    2.950
    0.070
    2.4%
  • WAIT.USA
    129.000
    3.000
    2.4%
American Shipper

RCL posts record financial results

RCL posts record financial results

   Singapore-based Regional Container Lines Group reported record financial results for both the fourth-quarter and full year 2004.

   RCL’s fourth quarter net income of $34.1 million compared to a loss of $1.8 in the same quarter 2003. Operating income was $50.6 million, up 168 percent on the $18.9 million reported in the same period 2003. Revenue rose 54 percent to $130.6 million.

   For the full year, RCL’s net income jumped 537 percent to $87.3 million from $13.7 million in 2003. Operating income was $145.2 million up 112 percent over 2003’s $68.4 million. Revenue rose 41 percent to $444.9 million from $315.5 million in 2003.

   RCL attributed the improved results to “strong growth in liftings, a steady recovery of ocean freight rates and a relatively stable fixed cost.”

   RCL said it lifted a record 2.1 million TEUs, representing a 21 percent increase over the amount carried in 2003.