Norden has edged to its first quarterly profit in a couple of years thanks to a strong performance from its products tanker division.

Copenhagen-listed Norden logged an adjusted profit of $1m for the opening three months of 2017, overturning a loss of $5m at the same stage in 2016,

Its figures compared with the $2.3m consensus, with analysts at DNB Markets calling the results neutral and generally in line with expectations.