The rapidly expanding Greek shipowner booked adjusted netincome of $2.3m for the period compared to a deficit of $3.8m during thesame quarter in 2012.

Adjusted earnings per share came in at $0.13 for the threemonths to 30 September against a $0.70 loss per share last time.  

Earnings before income tax, depreciation and amortisation(ebitda) edged up to $7.8m on an adjusted basis from $7.6m.