Norway’s Rederiet Stenersen has logged a record profit from hot tanker markets as it built up its fleet and reduced debt.

The private family-owned company, based in Bergen, revealed net earnings of NOK 209m ($19.7m) last year, against a NOK 39m loss in 2021.

Tanker churn: Pool operators face unique challenges in hot markets, says UPT
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Revenue from the 20 handysize carriers soared to NOK 1.9bn