Tanker

Team Tankers in the red on lower volumes in Q1

Lower volumes in chemical tanker pulled Team Tankers into the red in the first quarter. But the operating profit was a positive surprise, notes Fearnley in an update. The firm cites high coverage in the second quarter and reiterates 'buy' for the share.
by DANIEL LOGAN

The Oslo-listed chemical carrier Team Tankers suffered a setback in revenue along and a net deficit in the first three months of the year, a period which otherwise brought stronger rates than last year.

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