Team Tankers International Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced freight revenue was USD 59,737,000 compared to USD 63,369,000 for the same period a year ago. EBITDA was USD 2,549,000 compared to USD 4,332,000 for the same period a year ago. LBIT was USD 5,767,000 compared to USD 4,833,000 for the same period a year ago. Loss before tax was USD 7,259,000 compared to USD 6,555,000 for the same period a year ago. Net loss was USD 7,259,000 compared to USD 6,555,000 for the same period a year ago. Loss per share, basic and diluted was USD 0.04 compared to USD 0.04 for the same period a year ago. Net cash outflow from operating activities was USD 3,682,000 compared to net cash inflow from operating activities of USD 3,301,000 for the same period a year ago. Payments on purchase of vessels were USD 13,625,000.