Navios' tanker unit in Q2 deficit

The tanker carrier at Greek Navios' was hit in the second quarter by fluctuating oil prices and uncertain commodity prices going forward. The company lost USD 4.6 million in Q2.

Photo: Navios Maritime Holdings

Navios Maritime Acquisition Corporation, which owns and operates tanker vessels, suffered a setback in the second quarter, according to the interim report.

The adjusted net result was negative at USD 4.6 million against a profit of USD 12.4 million in the same period last year.

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