Pioneer Marine returned to profit in the fourth quarter of 2017, but it was not enough to reverse a full-year loss, figures just released show.
The Torben Janholt-led shipowner posted a profit of $2.5m for the last three months of last year reversing a loss of $3.7m seen at the end of 2016.
The handysize bulker specialist saw revenue jumped 37% year-on-year to $15.4m,
