Rising tanker rates helped DHT Holdings to better year-over-year results, but the tanker owner remained in the red for the second quarter.
After the close Tuesday, the New York-traded company posted a $10.5m loss for the second three months of 2019 versus a $28.2m loss for the same period last year.
Ben Nolan, an analyst at Stifel, said the loss was narrower than forecast by his own numbers and the Wall Street consensus due to stronger than projected spot rates.
