Losses in 2018 sent Norwegian shipowner Kristian Jebsens Rederi into negative equity, according to a newly released annual report.
The privately-owned, Bergen-based company logged a pre-tax loss of NOK 17m ($2m) last year, against a NOK 15m loss in 2017.
The result means Jebsens had a negative book equity of NOK 16m at the end of 2018.
