to $590,347 as a result of vessel sales and lower running costs.

MC, which operates its container ship and multi-purpose fleet from Monaco, said it had revenues for the three months to September 30 of $6.2 million, down 2.4 percent from 1995.

For the year to date, earnings are up 12.8 percent to $1.7 million. -- Lloyd's List TANKER COMPANY PREDICTS PROFIT SHI Tanker company predicts profit Bermuda-based tanker company Benor has forecast it will turn a profit for the first time this year.

Benor, which has a fleet of 22 vessels, expects to make a profit of $4-5 million, compared to a loss of $2.3 million in 1995 as a result of improved daily charter rates.

Benor reported a net profit of $1.2 million in the third quarter on revenue of $44.8 million. Net income for the first nine months of the year is $2 million.

Benor has also added a newly-built tanker, the Tribute , and the second hand Marina to its fleet. -- Lloyd's List