Celtic Tankers posts pre-tax losses of £62,000 for the six months to the end of September compared with a profit of £59,000 last time.
Turnover was nil compared with £12,000 a year ago.
Managing director W.A.C. Thomson said: "In the three months since my last report there have been no material changes to the company's circumstances.
"We continue to follow the strategy outlined in previous announcements to PLUS."
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