RCL keeps up profit momentum in third quarter
Profits hit $9m in the period despite revenue remaining almost flat and liftings falling 1% as costs and margins improved. Lower fuel and chartering costs reaped savings for the intra-Asia player
RCL managed to cut freight and operations costs by 15% through efficient capacity management along with a lower average price of bunker fuel. This in turn led to lower slot costs, while the feeder operator also reduced charter-in vessels to adjust capacity and trim charter costs, resulting in a 20% saving
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