GasLog has recorded a weaker than forecast first quarter performance.

The shipowner booked a loss of $5.3m in the opening three months of 2016, overturning a gain of $13.9m seen 12 months previously. 

Adjusted for one-off items, its loss per share of nine cents was deeper than the five cents Wall Street had projected.

Noah Parquette of JP Morgan says the miss was largely due to higher than anticipated interest expenses.

Paul