Team Tankers International Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported freight revenue of $85,911,000 compared to $60,596,000 a year ago. Freight income on T/C basis was $51,203,000 compared to $37,056,000 a year ago. EBITDA was $6,707,000 compared to $3,131,000 a year ago. EBIT was $8,305,000 compared to LBIT of $5,991,000 a year ago. Profit before taxes was $4,365,000 compared to loss of $7,051,000 a year ago. Profit attributable to owners of the parent company was $3,792,000 or $0.02 per basic and diluted share compared to loss of $7,053,000 or $0.02 per basic and diluted share a year ago. Net cash flow from operating activities was $4,422,000. For the six months, the company reported freight revenue of $145,648,000 compared to $123,965,000 a year ago. Freight income on T/C basis was $86,501,000 compared to $76,281,000 a year ago. EBITDA was $9,256,000 compared to $7,463,000 a year ago. EBIT was $2,539,000 compared to LBIT of $10,824,000 a year ago. Loss before taxes was $2,895,000 compared to $13,606,000 a year ago. Loss attributable to owners of the parent company was $13,978,000 or $0.01 per basic and diluted share compared to $13,978,000 or $0.07 per basic and diluted share a year ago. Net cash flow from operating activities was $3,398,000 compared to $4,156,000 a year ago. Payments on purchase of vessels was $117,761,000.