United Arab Emirates-based Tomini Shipping has revealed a loss for 2020 as finance expenses increased for its expanding bulker fleet.
The owner of 17 vessels from supramaxes up to kamsarmaxes said its net deficit was $3.1m last year, against profit of $14m in 2019, when it sold four vessels for a gain of $14.9m.
Revenue at the company, which is listed on Norway's over-the-counter market, grew to $35.6m
