TheSingapore-listed company said profits for the three months to 30 June 2013 were$3.7m versus the $2.4m achieved a year earlier.

Atlantic,whose main focus is the Middle East region, said revenues were up 35.5%year-on-year to just under $12m.

The shipownerattributed the increase to the addition of two new vessels to its fleet and anincrease in spot chartering of third party vessels.

“Weare continuing to build on our good momentum, and seizing opportunities amidthe favourable business conditions in the market where we operate,” said chiefexecutive Wong Siew Cheong.

“Ourfleet