Bryggen Shipping International sank into a loss last year, but the chemical tanker operator expects better results in 2019.

The Bergen-based private operator logged a pre-tax loss of NOK 17m ($2m) for 2018 against a NOK 3m profit in 2017. Operating revenue increased from NOK 471m to NOK 524m.

Co-owner Tim Haagensen told TradeWinds there is “very good chances” that the company will deliver profitable results in 2019.