The Gothenburg-based tanker owner booked net profit of SEK 0.6m($89,000) for the period versus a profit of SEK 7.4m in the third quarter of2012.

Operating profit fell to SEK 9.2m from SEK 15.2m as revenue droppedto by around SEK 10m to SEK 125.4m.

The bulk of the Stena spin-off’s 13 strong fleet is made upof ten 65,200-dwt ‘P-Max’ product carriers all but two of which are now tradingspot.