Finnish owner Containerships has reduced its loss for the third quarter, despite revenue falling.

The net deficit was EUR 560,000 ($595,000), against EUR 1.73m in 2015.

Revenue dipped to EUR 48.4m from EUR 50.4m over the same period.

The growth of sales in the Baltic and North Sea slowed down during the third quarter and was 8% between January and September, it said.

Its