Norway's Torvald Klaveness has returned to profit for 2018 as markets improved.
The bulker, boxship and combination carrier player said pre-tax earnings were $10.1m against a $2.1m loss in 2017.
Net profit was $6m, against a loss of $6.1m in 2017.
It added that the result improved due to "somewhat" better underlying markets and "a more optimal trading pattern and contract composition for the combination carriers."
