KDM revenue slides 5.5% yoy in 2012
25 January 2013
KDM Shipping (KDM PW) reported a 5.5% decline in revenue in 2012 to USD 21.6 mln, according to its trading update from Jan. 24. The tonnage of cargo transported in the year fell 3.9% to 640 kt. KDM Shipping attributed the decrease in dry bulk shipping volume to the early 2012 freezing of the Azov Sea, one of its key areas of operation.
