Danaos Corp improved its first-quarter results, thanks mostly to reining in finance costs.
The New York-listed owner posted a $33.4m net income versus a $15m profit during the same period last year.
Adjusted earnings came in at $38.6m compared to $28m a year earlier.
Adjusted earnings per share fell to $2.53 from $3.56 due to a 1-for-14 reverse stock split done 2 May, but still beat analysts' estimates by $0.29.
