SINGAPORE SHIPPING CORPORATION LIMITED
4
“Against these headwinds, SSC is pleased to report a good
set of financial results of US$9.6 million for the financial
year just ended. This represents a 7.8% increase over the
previous financial year.”
C. K. Ow
Executive Chairman
“This is despite the Group having to accede to a straight-
line revenue accounting policy for our long-term charter
contracts which resulted in a deferred recognition of
actual earnings crystallised under the charter terms.”
