Norway's Wilson is still bullish about prospects in the European shortsea bulker trade as rates climb to unprecedented levels.

The Oslo-listed mini-bulker specialist posted another record profit for the third quarter, with net earnings hitting €12.9m ($14.8m), up from €163,000 a year earlier.

Chief financial officer Stig Vangen told TradeWinds: "We see rate levels we have never seen historically in the shortsea market in Europe.