The Kuala Lumpur-listed tanker owner, which is undergoing afinancial restructuring after defaulting on loan repayments, booked a net lossof $6.3m during the three months to 30 June.
That figure compares to net earnings of $11.5m during thecorresponding period of 2012.
Revenue slumped by over two thirds to $3.5m during the quarterfrom $11.5m last time round.
The fall was due to the sale of one vessel last year and twovessels undergoing dry docking during the second quarter of this year.
Shares
