It said the deficit to 30 September was $12.68m, compared to $2.93m in the same period a year ago.
Revenue declined to $113.7m from $122.8m, but costs were little changed.
The owner found markets to be more challenging than expected, not only for dry bulk but also for the smaller gas carriers.
“Revisions in the outlook for the global economy mean that the cautious optimism we have previously expressed for the markets beyond Q3 will have to be tempered,” said president and CEO Jan Kastrup-Nielsen.
“Our
