Ocean Yield has stayed profitable in the second quarter despite an eventful three months.
The Oslo-listed and Kjell Inge Rokke-backed shipowner reported a $16.5m profit on Thursday, better than the $5.3m profit posted for the second quarter of 2019.
This also showed sequential improvement from a $1.6m loss in the first quarter.
"The second quarter was dominated by the Covid-19 pandemic, which caused significant market volatility," chief executive Lars Solbakken said.
