Tanker

Navig8 believes in recovery despite red bottom line in 2016

Product tanker carrier Navig8 is optimistic for 2017 despite a 2016 which ended with a deficit on the bottom line. "Pretty encouraging," says CEO Nicolas Busch on the market conditions.
Photo: Navig8
Photo: Navig8
by LOUISE VOGDRUP-SCHMIDT

London-based product tanker carrier Navig8, which is listed in Oslo, emerged from 2016 with a USD 5.2 million loss for the whole year. It was a decline compared to the previous year, when the result landed at USD 26.7 million for 2015.

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