Norwegian shipowning company Tschudi Shipping Co (TSC) suffered an increased loss last year.
It logged a pre-tax loss of NOK 227m ($28.3m) in 2016, compared with a NOK 42m loss a year earlier. Operating revenues fell from NOK 623m to NOK 379m.
Its annual report charts a turbulent year for TSC, which went through restructuring and was saved from bankruptcy via an agreement with DVB Bank and DNB.
