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Team Tankers Bounces Back to Profit in Q2

August 17, 2018

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After posting financial losses, Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018.

The company posted a net income of USD 4.4 million in Q2 2018, compared to a net loss of USD 7.3 million in Q1 2018 and a net loss of USD 7.1 million in Q2 2017.

In addition, EBITDA for the second quarter was USD 6.7 million, compared to USD 3.1 million seen in the corresponding three-month period a year earlier.

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