Mini-bulker owner Wilson posted higher earnings for this year's second quarter and first half amid a better market from a year ago.
"The first half of 2018 has been characterized by a market in a positive sentiment with a good loading approach, where the rates have settled on a higher level than before," the Norwegian company said.
"Market improvement combined with good cost control has thus contributed to earnings improvement for the second quarter of 2018 and for the first half of 2018."
For the quarter, the company posted net profit of EUR 3.72m, up from the year-ago positive result of EUR 3.14m.
Earnings profit came in at EUR 13.1m versus EUR 8.3m a year earlier, in great part due to higher revenue.
Gross revenue increased to EUR 136m compared to EUR 128m a year earlier.
"Second quarter 2018 confirms what the two previous quarter have shown," chief financial officer Stig Vangen said.
"The marked are at more sustainable levels and it seems the overall marked balance has improved."
