Havila Holding, veteran shipowner Per Saevik's investment company, has recorded record results for 2017.

Havila Holding logged a pre-tax profit of close to NOK 2.1bn ($262m), according to its newly released annual report.

Operating revenue jumped from NOK 3.854bn in 2016 to NOK 5.296bn.

The huge profit is largely due to sale of shares and the stock listing of Fjord1, which is Norway’s biggest ferry owner.