The Teekay spin-off said it lost $5.74m on a net basis in the second quarter to 30 June.
Since it started business on 10 January, the deficit figure is $5.92m.
Revenue in the quarter was $17.29m, but operating costs were $21.16m.
Aframax and suezmax spot rates hit their highest levels since 2008 in July, although much of this came too late to influence the second quarter result.
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