• ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
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  • TSTOPVRPM.CHIATL
    3.190
    0.050
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  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
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.

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