Navig8 Product Tankers has fallen to a loss amid market weakness in the third quarter.
The shipowner said the net deficit was $5.8m, compared to a profit of $17.81m a year ago.
Revenue was $29.1m, compared to $11.9m the year before, as new ships were added.
But depreciation amounted to $8.6m and interest to $12.5m, against zero last year, as the deliveries joined the fleet.
The
