Estonian ro-pax group Tallink has posted a loss of EUR 1.8m ($2.05m) in the fourth quarter.
This is down from a profit of EUR 1.1m in the same three months of 2017.
It put the result down to falling revenue and a non-recurring cost from terminating a fuel tank rental agreement, plus the expense of listing on the Nasdaq Helsinki stock exchange.
Revenue was down by EUR 6.3m to EUR 226.6m, driven by a fall of 3% in passenger numbers and a drop in charter income.
