- Uni-Asia Group (SGX:CHJ)'s 1H24 net profit came in -US$11.8m, compared to +US$4.3m in 1H23.
- 1H23 charter income fell by 22% y-o-y due to the prior sale of 2 out of its portfolio of 10 ships.
HK a key uncertainty.
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Repositioning its shipping fleet.
- Uni-Asia has been actively managing its shipping fleet to optimize returns. In November 2023, the company successfully sold its oldest 29k dwt ship. Shortly after in January 2024, it went on to sell its 2nd oldest 29k dwt ship.
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Shipping strategy going forward.
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