Mercator Lines of Singapore has seen its loss for the second quarter grow as its revenue was chopped nearly in half.
The bulker owner, which is currently under financial restructuring, said net deficit for the period was $11.9m compared to $6.3m.
It came on revenue of $8.7m against $14.3m in the corresponding quarter last year.
Mercator said the uncertainty surrounding its restructuring process and the dire dry market could lead the company to stack some vessels.
The
