Russia's Sovcomflot (SCF Group) has made it back into the black amid signs of recovery for tankers.
Net earnings in the third quarter were $0.3m, from a loss of $22m a year ago.
Revenue grew to $396.4m from $350.5m.
It booked an impairment provision of $45.9m in the first nine months, to reflect the value of some older tankers in the historic freight market lows reached earlier in 2018.
