TNT enjoys higher earnings

Nov 08 2019

Croatian tanker owner and operator Tankerska Next Generation (TNT) posted improved earnings for the third quarter of 2019.

Total revenues amounted to HRK65.2 mill ($9.83 mill), compared to HRK62.9 ($9.5 mill) in the previous quarter.

Vessels’ revenues in 3Q19 were HRK65 mill ($9.81 mill), which is a decrease expressed in Kuna from the same period last year.

This decline was due to less exposure to the spot market, TNT said.

The average daily TCE for the six MRs during 3Q19 was $15,835.