Safe Bulkers has finished a really tough year for dry bulk shipping on a positive note as it managed to reduce its red ink.
The New York-listed company reported net loss of $4.6m for the fourth quarter, compared to $29.9m a year earlier.
Revenue between October and December sat at $31.7m, an improvement of 6% thanks to higher rates.
The company achieved a quarterly time charter equivalent (TCE) of $8,936, against $8,251 in the fourth quarter of 2015.
Safe
