Japan’s Sumitomo Heavy Industries announced its quarterly performance record posted from April to June, 2013, on July 31 and said that the builder turned into the red, recording operating losses in Ships & Marine division.
From April to June, Sumitomo’s Ship & Marine division recorded JPY 1bn ($10.2m) of operating losses on a consolidated basis, showing greatly deteriorated performance against JPY 3.2bn operating profit recorded a year ago.  
During the period, the Japanese builder posted JPY 2.9bn of revenue, down by 83% year-on-year.
For three months from April to June, Sumitomo bagged a newbuilding order for two aframax tankers, showing a favorable tendency comparing with zero order posted during the same time period a year ago.
Values from newbuilding orders totalled JPY 9.2bn, up by 379% year-on-year.
During the same period, the builder delivered one newbuilding and was seen to stand on the orderbook of three aframaxes as of the end of June, securing a total of JPY 17.1bn.