T.K.B. lands profit with trimmed-down fleet

New charter contracts help dry bulk carrier T.K.B. deliver a profit, though significantly smaller, in the annual report, just published. CEO Thomas K. Boesen expects a deficit next year in spite of hopes that the market will turn around, he tells ShippingWatch.

BY JOHANNES HARTKOPF-MIKKELSEN

Published: 21.12.15 at 14:24

A profit of approximately USD 262,000 in the fiscal year 2013/2014 has been reduced to a profit of a much more modest USD 6,500 in the annual report which has just been published for 2014/2015.

This is the reality for the dry bulk carrier T.K.B. Shipping, which has a chartered fleet of about 25 vessels in the size range of 18,000 dwt to 50,000 dwt, and is among the mid-sized players with Handysize as its main field.