Index-linked charters and a sharp reduction in expenses helped Seanergy Maritime Holdings return to profitability in the fourth quarter.

Dale Ploughman.
The Nasdaq-listed bulker owner reported net income of $6.6m in the three months to 31 December, reversing a loss of $2.6m in the same period a year prior.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose to $15.6m from $10.7m