Siem Shipping has ended 2015 in a much improved financial position compared to a year ago, figures released Monday show.
Net income for the quarter was $2.3m versus a loss of $811,000 seen twelve months earlier. The positive result helped it to a full-year profit of $10.1m.
Revenue for the fourth quarter increase 5.6% to $49.8m, while costs showed a year-on-year decline of 10.6%
