The formerly Oslo-listed owner, backed by China’s HNAGroup, said SinOceanic II posted a net deficit of $9.11m in the nine months to30 September, against $5.54m in the same period of 2012.

The subsidiary owns the 13,100-teu MSC Altair (built2012), chartered to MSC for 15 years at $60,275 per day.

It was hurt by interest costs of $19m, versus $12.3m in 2012.

Revenue grew to $16.29m