Thecompany said its net earnings were $14.13m to 31 December, against a loss of$356.56m in the same period of 2012.
Revenue droppedto $42.16m against $45.49m, however.
The resultwas helped by a decrease in vessel impairment charges, which last year hit awhopping $352.5m.
Thebetter performance was partially offset by the change in employment of some vesselsfrom fixed rates to lower spot rates. Spot numbers were also lower for the LR2fleet.
Thecompany
