In October, the company had said it will get a loan of $82.6 million from Export-Import Bank of China to finance the purchase of two dry bulk carriers.
For the July-September quarter, it earned $33.8 million, or 42 cents a share, up from $28.7 million, or 36 cents a share a year ago.
Voyage and time charter revenue rose 23 percent to $71.6 million, helped by addition of three vessels to its fleet.
Analysts on average had expected the company to earn 40 cents a share, on revenue of $68.3 million, according to Thomson Reuters I/B/E/S. (Reuters)
