Oslo-listed TIL guided investors for a loss of $0.01 to $0.03 per share in the third quarter.
Following a path predicted by Pareto Securities just days ago, TIL has also unveiled a $30m initiative to invest in its own stock.
Chief executive William Hung said: "The current disconnect between weaker equity markets and an improving tanker market provides an ideal opportunity to generate shareholder value heading into what we expect will be a stronger winter tanker market.
