The company, which controls 63 vessels totaling 6.2 milliondwt, reported net income of just over $2m for the period to 31 March 2014,improving from a loss of $10.2m in the same period last year.
Earnings before interest, tax, depreciation and amortization(ebitda) lifted to $59.8m, from $38.5m, despite revenues falling to $122.2mfrom $133.9m.
Revenue from dry bulk vessel operations rose to $76.6m,
