Milan-listed DIS booked a loss of $5.4m for the quarter due to hedging reversals on bulkers and interest rates.
With the one-offs stripped out the products tanker owner recorded a quarterly profit of $4.4m, in a period which saw cash flow reach $15.7m.
DIS says it has a very positive view on the products tanker market having seen its ships command $15,076 daily on the spot market during the fourth quarter.
