ShippingWatch

Team Tankers reports new deficit for third quarter

The tanker shipping company remained in the red and fared worse than in the second quarter, where rates were higher. Focus is on integration of the company's acquisitions, says CEO Hans Feringa.

Photo: Team Tankers

Team Tankers booked a new loss for the third quarter.

The Oslo-listed tanker shipping company reports a deficit of USD 14.5 million, an improvement compared to the third quarter last year, when the deficit reached USD 36.3 million. But it was a setback from the second quarter this year, when Team Tankers delivered a profit of USD 4.4 million.

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