The company reported a net loss of USD 6 million for the period against a net income of USD 3.5 million seen in the same quarter in 2018.
Revenues during the three months reached USD 69.4 million, representing a decrease of USD 5.5 million or 7% compared to the same period in 2018, while time charter equivalent (TCE) revenue for the quarter equated to USD 38.9 million, marking a drop of 18% year-on-year.
The company achieved a TCE of USD 9,731 for the quarter, a decrease of 15% year-on-year.
