Greece’s Navios Maritime Holdings has promised a continued focus on reducing expenses as its second quarter loss increased.
The US-listed bulker owner produced a net deficit of $26.41m to 30 June, from $24.81m in the same period of 2015.
Revenue fell to $105.7m against $119.8m year-on-year.
It blamed the bigger loss on a decrease in income tax benefit of $1m and an increase in amortisation for deferred drydock and special survey costs of $0.4m.
The
