IM Skaugen is to focus on its core business of gas transport after posting a pre-tax loss of $15.8m in 2012, compared to a loss of $8.1m in 2011.
IM Skaugen has reported a pre-tax loss of $6.3m, worse than its $5.1m loss in the second quarter. EBITDA fell from $6.6m to $5.5m over the same period.
Stealthgas Inc reports net income for the second quarter of $7.2m, compared to a loss of $3.6m in the same period last year.
IM Skaugen has reported EBITDA of $6.6m for the second quarter 2012, up from $5.3m in the same period last year, although the company has posted a pre-tax loss of $5.1m.
PROFILE Life is not easy for a chemical tanker operator right now, with volatile demand, high costs and an over-supply of vessels. South Korea’s KSS Line is expanding into LPG shipping and looking at customer service to help it through the downturn