News / RCL stays insulated from freight market misery by lucrative charter deals

RCL's Mathu Bhum. Photo: VesselFinder.

Thailand-based intra-Asia niche carrier and containership tonnage provider Regional Container Lines (RCL) remained in the black in the third quarter, but said the “market fragility” was impacting its liner earnings.

However, the container vessels RCL has out on long-term charters to other shipping lines continue to produce a good return, thus insulating it from the full effects of the freight market downturn.

RCL posted a THB585m ($16.6m) net profit for Q3, for a 9M profit of ...