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Team Tankers began the year with modest profit

The company is now in a position to explore growth initiatives and continue to take measures to improve the existing business, writes management of Team Tankers International, formerly Eitzen Chemical, in the interim report Wednesday.

Team Tankers International, formerly Eitzen Chemical, achieved a modest net profit of USD 1.7 million in the first quarter 2015, adjusted for costs related to a financial restructuring of the company.

The fleet reached an average TCE income in the first three months of the year of USD 12.507 a day, or 13 percent better than the previous quarter, notes the carrier in a financial statement Wednesday.

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