Its $0.9 deficit compared to a profit of $1.8m in the corresponding period.
Shipping revenue went down 55% to $3.2m, reflecting the company’s exit from the bunker market and continued weak charter rates.
As at 30 June, Yujin sold four vessels and lost management of four other third party-owned units.
The company said it manages a total of 10 ships, three less than the year prior.
It
