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Losses persist at Nanjing Tanker

31 October 2012
Nanjing Tanker Corporation continued to make losses in the third quarter of 2012 amid the sluggish global oil tanker market, reported Seatrade.

A subsidiary of China Yangtze National Shipping (Group), Nanjing Tanker registered a net loss of Rmb294.5m in the third quarter, compared with a loss of Rmb230.5m in the same period of 2011.

However, revenue for the Shanghai-listed company during the quarter was up 23 per cent year-on-year to Rmb1.59bn.

     
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