Tanker Investments Ltd (TIL) looks set to report fourth quarter earnings significantly below analysts’ estimates, according to figures released Monday.

It expects to record net income in the range of 0.77 to 0.81 US cents per share versus consensus estimates of 98 US cents per share.

“During the fourth quarter, Tanker Investments experienced record earnings driven by a fully operational fleet and firm spot tanker rates,” said TIL chief executive William Hung.

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