New York-listed TEN put up a profit of $13.5m in the fourth quarter, after a $7.6m adjustment for bunker hedges is factored in, overturning a $35.6m red number from this point a year ago.
Adjusted earnings per share of $0.23 trumped the $0.14 per share Wall Street consensus.
Revenue shot up by 41% on a quarterly basis to $99.5m thanks largely to a much stronger crude tanker market.
