Oslo-listed Western Bulk booked an adjusted profit of $15.8m in the quarter, beating the $6.9m seen at this stage in 2013.

Without the one-off income, the bulker operator’s figures were still stronger than they were a year ago.

Its profit of $7.5m compared to the $1.5m deficit in the second period of 2013 as its shipowing division booked a smaller loss.

Western