Navig8 Product Tankers has started the new financial year with a loss hurt by a large increase in interest expenses.
The tanker owner, whose shares are listed on the Oslo over-the-counter market, reported a first quarter loss of $1.1m against the $5.8m profit seen a year ago.
Revenue surged by 66% year-on-year to $38.2m as the shipowner saw the number of vessel operating days almost treble to 2,306.
