SINGAPORE (May 26): Singapore Shipping Corp (SSC) reported a 10.6% decline in 2H20 earnings to US$4.2 million (S$6.0 million) from US$4.9 million in 2H19.

This brings FY20 earnings to US$9.2 million, down 10.6% from a year ago.

Revenue for SSC’s ship owning business in 2H20 edged up 1.5% y-o-y to US$15.8 million, while profit attributable to owners of the company rose 1.8% to US$5.0 million from last year.

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