The Nasdaq-listed company, which operates four capesize carriers, profited as its average time charter equivalent (TCE) earnings in the fourth quarter rose to $28,600 per day from $21,000 in the preceding three months.
Knightsbridge pointed to extreme market volatility last year which saw a low point in April when a Cape earned some $4,200 per day, compared with $42,200 per day for the same vessel at the end of September.
“The
