The indebted Nasdaq-listed bulker owner, which has beenshedding tonnage over the past couple of years, reported a net loss of $14.8mor $1.23 loss per share, for the three months ended 30 June.
The result was a big improvement on the net loss of $28.4m,or $2.37 loss per share for the same period of 2012.
However on an adjusted basis the net deficit grew to $5.1m
