Torvald Klaveness Group fell into a loss in 2019, according to the latest annual report by the Oslo-based group.
The company, which is the holding company for shipowner Torvald Klaveness, logged a pre-tax loss of $30.7m, reversing a profit of $10.1m in 2018.
The group's results took a hit from the slump in the bulker market and continued weak results from its containerships.
