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Nothing much to say about the business. You can read about it over here:
Singapore Shipping just announced their third quarter results. You can read the announcements here
Third quarter results was better than last year. The main difference being the contribution of Cougar Logistic’s assets. This was offsetting the loss in earnings this year due to dry docking. Ships do need to be maintained to keep them tip top in the long run. For the ships they can be dry dock every 3 –5 years depending on the conditions. These are loss earnings.
It looks like we will hit USD $ 8.2 mil in profits for the full year or USD $1.8 cents in EPS which is a 10% earnings yield at the price of SGD $0.225.
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