Indian owner Great Eastern has rebounded back into the black for its fourth quarter as tanker rates spiked.
The company said net earnings to 31 March were INR 1.48bn ($21.25m) from a loss of INR 4.19bn in 2018.
Revenue grew to INR 10.26bn from INR 8.26bn year-on-year.
Crude tanker rates jumped to $21,559 per day from $12,486, while bulkers dipped to $10,389 from $11,852.
