Navig8 Chemical Tankers reported a loss for the second quarter as freight rates remain weak and its fleet size increases. But chief executive Nicolas Busch sees supply-demand balances righting over the next year.
Navig8 reported a $3.6m loss for the second quarter compared to a $9.6m profit reported a year earlier.
Revenue declined 4% from a year ago to $38.4m. But vessel expenses were up 50% as the company added nine vessels over the last 12 months.
