Navig8 Chemical Tankers reported a first quarter loss as its fleet of smaller coated tankers saw rates fall year-on-year.
The Oslo-listed Navig8 reported a net loss of $4.2m, or $0.11 per share, for the period. That compares to a $1.2m loss, or $0.03 per share, for the year earlier period.
Revenue of $41m was up from $37.9m a year earlier as vessel operating days increased slightly.
