The company said the net deficit was SEK 373.1m ($55.69m) to 30 June, from a profit ofSEK 38.8m in the same six months last year.
But it stressed this was not a cash loss. The operating result was slightlydown at SEK 46.7m, compared to SEK 48.6m in 2011.
The owner decided to write-down the carrying value of its fleet by $60mafter brokers’ assessments showed the tankers were accounted for at $100m morethan their market prices.
The
