Norway's Westfal-Larsen has reported more financial losses, but appears now to be closer to a breakeven result.
The private Bergen-based bulker and chemical tanker company’s holding firm, Navigation Co, cut its pre-tax loss in 2018 to $5.9m, down from $19.1m in 2017.
Anders Nome Lepsoe, chief executive of Navigation, said it is too early to say whether the results will end up in the black in 2019.
