Malaysian Bulk Carriers reports yet more losses and sells assets

Dry bulk ship operator Malaysian Bulk Carriers (BM: 5077) has reported a weak set of third quarter results. Although revenues are up, the company incurred a loss for the quarter and, barring unexpected positive developments, looks likely to report a loss for the year. If so, that would be the fourth loss in six years. Meanwhile, the company appears to be running down its current assets.

Malaysian Bulk Carriers (MBC) operates a fleet of…

View entirety: Freightwaves