The shuttle tanker owner said net earnings to31 March were $6.4m, against a deficit of $3.2m in the same period of 2013.
Revenue grew to $21.77m from $13.46myear-on-year.
It achieved 99% utilisation for its fiveships and the board declared itself “pleased” with the result.
Finance expenses decreased by $0.5m inthe first quarter.
