Norway's Belships booked a modest profit for the first quarter – a result that analysts described as "better than feared" – and has passed an internal stress test that was prompted by the coronavirus pandemic.
The Oslo-listed bulker owner and operator logged a $152,000 profit for the three-month period, down from $2.5m at the same point last year.
There were zero earnings per share during the first quarter, compared to $0.01
