The former Aker America Shipping booked a gain of $2.7m versus $13.1 at the same stage of last year.

Operating revenue for the last three months ended June was $21.8m and EBITDA was $20.9m.

“The US Jones ACT product tanker market remained strong during the second quarter of 2014. The output from refineries on the Gulf Coast continues to increase, as does shale oil production,” the company told investors.

During