Deficit for the three-month period ended September was $9m against a profit of $9m twelve months earlier.
Revenue went up from $259m to $267m thanks to a strong performance of the chemical tankers arm.
Time charter results for the quarter declined by 3% year-on-year.
The joint venture for Odfjell’s LPG/ethylene vessels was finalised at the end of September and brought a capital gain of more than $6m.
Odfjell
