Thai owner Precious Shipping says bulkers are now firmly off life-support after a first-quarter improvement in earnings.
Net profit to 31 March was $3.43m, from a loss of $1.74m a year ago.
Daily ship earnings came in at $10,965, 28% higher than in 2017.
Revenue was up at THB 1.09bn ($34.42m) from THB 1.06bn, while costs dropped to THB 795m from THB 905m.
