Singapore-listed FSL booked a gain of $700,000 in the period to follow up its first profit since 2011 in the previous quarter.
Hatton says revenue climbed as efforts to improve income from vessels that previously suffered charter defaults paid dividends.
A strong charter signed on the 115,000-dwt FSL Shanghai (built 2007) earlier this year provided a boost, while efforts to improve pool ratings on vessels continued.
