Evangelos Pistiolis outfit Top Ships eked out a profit last year, helped by falling costs and robust charter income from its young eco-fleet.

The owner and manager of 10 tankers, none of which is older than three years, reported net income of $8.6m for the year compared with a $22.8m loss in 2020.

This is the company’s best annual performance, said president and chief executive Pistiolis.