ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs