Oslo-listed mini-bulker owner Wilson has returned to profit as markets improved in the third quarter.

The company said net earnings were EUR 2.23m ($0.27m) to 30 September, from a EUR 2.39m loss in the same three months of 2016.

Revenue grew to EUR 64.3m against EUR 59.3m as rates picked up towards the end of the period.

Daily earnings per vessel were EUR 3,285, up from EUR 2,974 a year ago.