The owner has today cut its full-year loss projection from JPY 5.7bn to JPY 2.7bn.

This would mark a major improvement on the JPY 15bn deficit in the previous financial year.

As TradeWinds reports today, Daiichi has continued its efforts to sell ships to bolster its balance sheet.

Daiichi said the sale of the 208,000-dwt First Ibis (built 2010), earlier reported by TradeWinds, will earn the company JPY 1.128bn