Norwegian bulker owner Wilson has posted what it called "good earnings" for the third quarter as costs dropped.

It made EUR 4m ($4.53m) on a net basis, up from EUR 1.1m in the same period of 2017.

Freight revenue reached EUR 67.1m, from EUR 64.3m.

Operating expenses in the third quarter amounted to EUR 25.6m, against EUR 26.1m the ear before.

The company achieved net earnings per day of EUR 3,363, up from EUR 3,285 in 2017.