Oslo-listed MPC Container Ships (MPCC) has seen earnings rise in the third quarter as its fleet expanded rapidly.
Net profit to 30 September was $1.17m, from $0.1m in 2017.
Its 69 ships produced revenue of $55m, versus $6.99m a year ago.
Average time charter equivalent earnings were $10,230 per day, up from $9,841 in the second quarter.
MPCC said while it is in start-up mode, its results are impacted by frequent vessel take-overs as well as one-off costs.
A total of 40 ships were added this year.
MPCC also said it is exploring a share buy-back programme, due to current market conditions, but will announce more on this next year.
Addressing the market situation, it said that after a strong first half in 2018, weaker than expected demand growth led to a market softening in the period.
"Growing economic uncertainties also had a dampening effect on market sentiment," it added.
But it said that despite the weakening of charter markets and increased uncertainties, the group still expects to generate a positive result for the full year.
