The US-listed tanker owner said net earnings were $14.56m in the first three months, compared to $1.02m in the same period of 2013.
Revenue climbed to $130.28m from $97.69m.
This is its best three-month result since the first quarter of 2010.
It said: "A strong crude market resulted in all of our ten conventional suezmaxes generating positive results, several of them at exceptional levels.
"Aframax
