Hafnia Tankers has reported a modest third quarter loss in a weak product tanker market.

Mikael Skov-led Hafnia booked an adjusted loss of $1.1m in the three months to the end of September, against a gain of $13.1m a year ago.

On an operating level Hafnia remained the right side of zero during the quarter.

Its operating profit of $3m compared to $25.1m