A towering impairment of USD 464 million, attributed to lower asset values, knocked Maersk Tankers off its feet in the second quarter, slapping the product tanker carrier with a net deficit of USD 483 million, shows the Maersk interim report Wednesday.
Not including the massive impairment at the tanker carrier, which pulled the group overall into the red, Maersk Tankers booked a deficit of USD 17 million, citing weak rates in the product tanker market, against a profit of USD 26 million in the same period last year.
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