Wilh Wilhelmsen Holding saw its bottom line slump into the red as a result of finance charges, but the Oslo-listed shipping group boasted an improvement in its operating results.

The parent company for the Wilhelmsen group of companies reported a net loss of $49m for the second quarter, flipping a $23m profit from last year.

The loss attributed to the shareholders of the holding company was even deeper, coming in at $100m.