The Singapore-listed shipowner made a profit of $4.1m, against a loss of $4.1m a year ago and a profit of $3.7m in the preceding quarter.

“We have had good progress in the growth of Atlantic Navigation’s business compared to a year ago,” said chief executive Wong Siew Cheong.

“We have expanded our fleet and seized other opportunities such as spot chartering contracts for third party vessels.

“These