Lower interest expenses of $1.7m and more earning days helped drive the improvement on the $5m loss seen a year ago.
Time charter equivalent earnings (TCE) rose 7.9% to $12.8m and would have been higher but for the dry docking of three vessels.
Operating costs inched up 1.5% to $9.4m thanks in part to one-off costs of $1.5m arising from the change of technical managers.
Nordic’s
