Bermuda Container Line president Geoffrey Frith predicts his company's results for the second half of the year should be better than the first half of the year despite a drop in volume and freight revenue.

He reckons the results will improve compared to the first six months of 2007, which were impacted by a high dry-docking expense.

The Somers Isles Shipping service experienced a healthy growth in both cargo volume and freight revenue in the third quarter and this growth has continued into the fourth quarter.

Mr. Frith said: "The fourth quarter to date has shown a small increase in the BCL service freight revenue which is encouraging. Also at the beginning of the fourth quarter BCL finalised the sale of its non-active US subsidiary company, Tilbury Road Associates, and this sale will generate a profit in the region of $1,500,000.

"Overall, we do expect the company to earn a healthy profit in 2007 despite the problems with the drydocking of the Oleander and the soft cargo volumes being experienced by the BCL New Jersey/Bermuda service."