Team Tankers has posted a $4.1m loss for the third quarter on the back of a deterioration in chemical tanker charter rates.
This is the second consecutive quarter the Oslo-listed owner has lost over $4m and is a reverse of the $7.4m profit seen in 2015.
Revenue for the quarter declined by 28.1% to $62.9m as the average time charter equivalent (TCE) rate for the fleet fell 17.5%
