Team Tankers reduces loss after Maersk collaboration

Tanker shipping company Team Tankers lost less money in the second quarter of 2020, which started off with a new Maersk collaboration and a joint venture with V.Group. The partnerships improved the shipping company's performance, says CEO Hans Feringa in the report.

Photo: PR / Team Tankers

Team Tankers' loss shrank in the second quarter after the shipping company embarked on a new collaboration with Maersk Tankers.

The collaboration commenced on April 1 and has been in effect throughout the entire quarter, in which Team Tanker managed to reduce its deficit to USD 1.4 million. In comparison, the tanker shipping company lost USD 17.4 million in the same period the year before.

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