The mixed fleet produced a net loss of EUR 27.1m ($34m) to 30 September, compared to a profit of EUR 2.22m in the corresponding period last year.
But all of this was down to a EUR 27.4m impairment charge, it said.
Revenue fell to EUR 39.56m from EUR 45.08m in 2013.
The six products tankers lost EUR 1.75m, compared to EUR 2.76m
