Belships rang in a profit for the first quarter of 2018 as major shareholder Sverre Tidemand continued to explore his options regarding ownership of the Oslo-listed company.
Belships, which has a fleet of six modern ultramaxes and supramaxes in the water, recorded a profit of $2.1m in the opening three months of 2018.
This overturned a loss of $3.2m
