The Oslo-listed company, better known as the former Eitzen Chemical, saw a 12% decline in revenue to $79.3m. However, voyage expenses fell 37% to $27.8m.
The average time charter equivalent (TCE) rate for the fleet increased to $13,338 per day in the second quarter versus the $12,507 seen in the first quarter.
“The firm market conditions experienced towards the end of the previous quarter continued throughout the 2nd quarter of 2015,” the company said.
“Further,
