Shipping and shipyard company Soechi Lines (SOCI) decided to postpone its bond issue plan worth US$300 million as the market condition does not support. The Company has actually offered its bond in June 13, 2017. SOCI booked net profit of US$5.56 million in the first quarter (Q1) this year, jumped 82% from US$3.05 million profit in the same period of 2016. Revenues however declined 3% to US$32.5 million. In Q1 last year, SOCI recorded loss of US$4.1 million from disposals of fixed assets, but posted no loss of this segment in Q1 this year. The Company has cash and cash equivalent of US$2.9 million per March this year.