New York-quoted DHT reported adjusted net income of $11.5m for the three months to 31 December, versus a loss of $6.3m in the comparable period 12 months prior.

Earnings before interest, taxes, depreciation and amortization rose to $18.9m from $9.8m year-on-year while net revenue rang in at $27.8m, which represents an increase of nearly $11m when compared to the figure recorded in the fourth quarter of 2012.

DHT