New York-listed GSL booked a profit of $7.5m in the three months to the close of June, overturning a loss of $11.7m at this point last year.
GSL explains a reduction in the number of dry-dockings, and the fact a $13.6m impairment on a double vessel purchase was not repeated, aided the turnaround.
Adjusted earnings hit the tape at $6.6m, beating the $5.8m
