GCTL8.com (FocusAsia Media Ltd)

HONG KONG, Mar 13 (FAM) – A depressed shipping market and vessel impairment resulted in Hong Kong-listed Sinotrans Shipping to post a larger loss for 2016 compared to 2015.

Loss for last year was recorded at US$242.11 million, widening from the deficit of $81.54 million in 2015, in line with the company’s expectations, the Seatrade Maritime News of Colchester, England, reported.