Losses continue to increase for NYK Line-controlled Saga Shipholding (Norway).
The shipowner, which has been taking a hit from the weak bulker market, has reported a $12.4m loss for the 2019 fiscal year. That is deeper than the $11.9m loss reported for the previous 12 months through the end of march.
Revenue increased slightly, from $122.7m to $123.1m.
At the fiscal year, Saga had a book equity of nearly $152m.
