Independent Tankers Corporation Limited reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported a net loss of $4.7 million, equivalent to a loss per share of $0.06 compared with a loss of $18.5 million, equivalent to a loss per share of $0.25, for the preceding quarter.

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.