RCL cuts costs and raises liftings in second quarter to return to profit
RCL managed to increase liftings 11% to 52,755 teu in the second quarter, which helped return the Thailand-based carrier to a Baht11.4m net profit from a net loss of Baht43.1m previously. The carrier said the trade environment worsened in the second quarter
Significant efforts to improve internal efficiency helped RCL to keep the rise in freight and operation cost to only 0.7% in the second quarter compared with the previous corresponding period, despite continued growth in liftings
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