The bulker owner said pre-tax profit improved by more than 10% year-on-year in the first nine months of 2014, backed by fleet expansion and its strategy of signing long-term contracts.

Earnings reached TWD 1.19bn ($39.41m) in the period.

The company has taken delivery of 10 bulkers already this year, and all are signed up to global companies.

They have generated an average profit margin of nearly 49% this year, the Taipei Times reported.

Revenue