It booked a deficit of EUR 0.7m ($0.8m) in the last three months of 2014, compared to profit of EUR 3.3m in the corresponding period.

Net freight income was slightly reduced from EUR 35.9m to EUR 35.1m.

The daily charter rate fell to EUR 3,147 from EUR 3,255.

Wilson saw all of its mini-bulkers of between 2,000 dwt and 8,500-dwt contribute less operating income during the fourth quarter.

But