MR owner Tankerska Next Generation (TNG) has posted lower earnings in the third quarter as costs rose.
The Tankerska Plovidba spin-off said net profit to 30 September was $1.12m, against $1.48m in the same period of 2016.
The Croatian company's revenue rose to $11.34m against $9.9m, but operating costs rose to $6.9m year-on-year due to its having more vessels operating in the spot market.
