Shih Wei Navigation has seen its loss grow for the second quarter as revenue fell.
The Taiwanese bulker owner posted a net deficit of TWD 432.92m ($14.28m), against TWD 262.57m in 2016.
Revenue dropped to TWD 811.1m from TWD 878m, while operating costs were TWD 950m, versus TWD 1bn a year ago.
The owner has 68 bulkers and general cargoships in operation, according to Clarksons.
