Siem Shipping, the Oslo-listed reefer player, has started 2016 strongly with a near eight-fold increase in first quarter net profit.
Net income for the quarter was $3.9m versus the $500,000 seen a year ago, according to figures released Monday morning.
The improved result was driven by a near 10% year-on-year increase in revenue to $47.5m, while costs only increased 4% to $8.6m.
“In
