The Oslo-listed company booked losses of $32m from January to March, versus $23m in the corresponding period.
Revenue declined by $30m to $260m.
Odfjell said the ship-channel closure in Houston coupled with weather delays were to blame for the negative outcome.
Its cost-cutting initiatives are progressing “as planned” while the company set a target to improve its net result in excess of $100m on a yearly basis by the end of 2016.
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