Hafnia Tankers lost USD 5.2 million in 2nd quarter

The weak product tanker market in the 1st half of 2014 is reflected in Hafnia Tankers' new interim report, and the carrier - like its competitors - took a big hit in the 2nd quarter.

Danish-based product tanker carrier Hafnia Tankers - whose financial backers include a series of private equity funds such as Blackstone, Tufton Oceanic and British Barclays, just as J. Lauritzen owns a five percent stake in the company - suffered a net deficit of around USD 5.2 million in the 2nd quarter 2014, compared to a USD 1.75 million profit in the first three months of the year.

The carrier also suffered an operating deficit in the 2nd quarter, of around USD 2.8 million, while the combined net result for the first half of 2014 came to a net deficit of approx. USD 3.5 million, from a revenue of around USD 52.4 million.

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