Mowinckels Rederi in loss

Mowinckels Rederi logged a pre-tax loss of $6.2 million in 2015, compared with a $3.4 million loss in 2014. In 2015, Mowinckels Rederi bought Japanese 2005 built panamax dry bulk carrier 76K M/V Hrina (ex M/V Amarantha) from K Line for $10.1 million.Mowinckels Rederi also bought 2 more panamaxes last year 2008 built 75K M/V Ogna and M/V Goya. Mowinckels Rederi revenues fell
to $11.2 million. Norwagian shipowner Mowinckels Rederi was established in 1898 and today it’s owned by charitable Norwagian trusts.