TBS International, the Dublin-based, NASDAQ-quoted operator of multi-purpose vessels and bulk carriers, reported increased losses in the second quarter of 2011.
The company experienced a reduction in revenue of 12.7%. This fell to $97.1m compared with $111.2m in the second quarter of 2010.
This led to a net loss of $14.4m compared with a loss of $9.7m for the same period last year.
“TBS’
