The Oslo-listed owner of three supramax vessels reported net profit of $675,000 in the three months to 30 June versus $226,000 in the same period a year earlier.

Reduced operating expenses and financial items were the main drivers behind the improvement during the period.   

Revenue was almost unchanged at $6.4m compared to $6.5m in the second quarter of 2012.

Canadian potash exporter Canoptex charters all three of Belships bulkers on long-term deals at $16,000 daily.

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