The New York-listed crude tanker owner reported adjusted net income of $8.1m during the period, up from $7.7m in the second quarter of 2013 as the company took on the costs of three VLCC deliveries.
Net revenue jumped to $14.5m from $10.3m a year earlier, while earnings before interest, taxes, depreciation and amortisation (Ebitda) increased to $1.6m from $900,000.
The company said a weaker market during the period was offset by a larger fleet and a $1.5m
