Rickmers Maritime, the Singapore-listed shipping trust, has roared back into the black in the third quarter.

Coverage will generate cashflow

Reversing a $55m loss in the third quarter of 2010, its latest quarterly release carries a profit of $11.1m.

Unitholders will receive a 5% increase over what was paid out a year ago, to $0.60 a unit up from $0.57.

Charter hire revenue also moved up, from $36.7m