Restructuring Norwegian gas carrier owner IM Skaugen has revealed a $63.61m net loss for 2017 as it was hit by charter cancellations from Teekay.
The 2016 figure was a deficit of $23.13m.
Revenue dipped to $17m from $20m.
The company said it is "operating in a most challenging LPG/petchem gas transportation market that negatively affected the trading of the vessels and thus the group's earnings in 2017."
