It earned $1.4m during the three-month period ended September, improving from a $0.7m loss at the same stage of 2013.
As a result, the company declared a cash dividend of $0.0025, in line with Wall Street’s expectations.
Increased rates helped the Greek boxship owner boost its quarterly revenue from $11.1m to $13m.
Vessel operating expenses went down from $6.9m to $6m while the company had 755 operating days during the quarter, 29 less compared to the corresponding period.
All
