Independent Tankers Corporation Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported a net loss of $23.1 million, equivalent to a loss per share of $0.31. This compares with a net loss of $5.9 million, equivalent to a loss per share of $0.08 for the six months ended June 30, 2013. The increase in the loss is primarily attributable to the loss on the sale of the Ulysses of $15.7 million in the first quarter.