• ITVI.USA
    9,157.620
    -27.560
    -0.3%
  • OTRI.USA
    2.590
    -0.020
    -0.8%
  • OTVI.USA
    9,162.320
    -26.570
    -0.3%
  • TLT.USA
    2.670
    -0.010
    -0.4%
  • TSTOPVRPM.DALLAX
    1.230
    -0.070
    -5.4%
  • TSTOPVRPM.PHLCHI
    1.100
    -0.030
    -2.7%
  • TSTOPVRPM.CHIATL
    1.290
    -0.060
    -4.4%
  • TSTOPVRPM.LAXSEA
    1.700
    0.130
    8.3%
  • TSTOPVRPM.ATLPHL
    1.520
    0.060
    4.1%
  • TSTOPVRPM.LAXDAL
    1.120
    -0.030
    -2.6%
  • WAIT.USA
    139.000
    -12.000
    -7.9%
  • ITVI.USA
    9,157.620
    -27.560
    -0.3%
  • OTRI.USA
    2.590
    -0.020
    -0.8%
  • OTVI.USA
    9,162.320
    -26.570
    -0.3%
  • TLT.USA
    2.670
    -0.010
    -0.4%
  • TSTOPVRPM.DALLAX
    1.230
    -0.070
    -5.4%
  • TSTOPVRPM.PHLCHI
    1.100
    -0.030
    -2.7%
  • TSTOPVRPM.CHIATL
    1.290
    -0.060
    -4.4%
  • TSTOPVRPM.LAXSEA
    1.700
    0.130
    8.3%
  • TSTOPVRPM.ATLPHL
    1.520
    0.060
    4.1%
  • TSTOPVRPM.LAXDAL
    1.120
    -0.030
    -2.6%
  • WAIT.USA
    139.000
    -12.000
    -7.9%
American Shipper

UASC SUFFERS 49% SLIDE IN ANNUAL PROFIT

UASC SUFFERS 49% SLIDE IN ANNUAL PROFIT

   United Arab Shipping Co. reported a 49-percent fall in its net profit for
1998, to $27 million, from $53 million in 1997.
   Gross profit before interest fell by 29 percent, to $35 million, from $49
million in 1997.
   Revenues rose by 5 percent last year, to $642 million, from $612 million in
the previous year.
   UASC said that it has been affected by the continuation of the Asian crisis
and that vessel overcapacity has intensified competition.
   The Kuwait-based shipping line carried about 565,000 TEUs last year, 17
percent more than in 1997, and 1.4 million freight tons of breakbulk cargo, a drop of 17
percent from the previous year.
   The detailed financial results of UASC and other ocean carriers are posted on
the ComPairData global shipping database at http://www.compairdata.com.

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