The company carded a profit of $18m for the 12 months to 31December reversing a loss of $17m a year earlier, it revealed in a statementtoday.
Full year operating profit jumped to $96m compared to $23min 2012.
Th Summa Group-controlled company recorded a slight fall in revenue to $1.14bn from $1.20bn.
Fesco owns a mixed fleet of 40 vessels comprising mainly containerships,bulkers and multipurpose vessels, according to Clarksons data.
