First Ship Lease (SGX: D8DU) reported earnings of $15.5 million in the third quarter of 2019, a 3.5% year-on-year rise on the $14.98 million recorded in the third quarter of last year. FSL swung back into the black with profit of $1.64 million, up in absolute terms by about $3.72 million as it had previously recorded a $2.08 million loss in the prior corresponding period. 

FSL reports in U.S. dollars.

The company attributed the increase in revenues to improved charter rates in shipping pools and in spot markets. FSL added in a further statement that…