It posted a net deficit of $4.7m to 30 June, from $4.1m in the same period of 2013.
Revenue from the five VLCCs and three suezmaxes was $15.72m, against $17.46m a year ago.
The average daily time charter equivalent rate earned in the second quarter by the VLCCs trading in the spot market was $15,100, compared with $26,100 in the preceding quarter.
The