Navios Maritime Acquisition has reported an adjusted net loss for the second quarter that was wider than the average analyst estimate.

Excluding a non-cash impairment loss of $59.1m on equity investment in Navios Maritime Midstream Partners, the tanker owner booked adjusted net loss of $4.6m, or $0.03 per share.

This compared with adjusted net income of $12.4m in the same stage of last year and the analysts’ average forecast of $0.02