Denmark's Maersk Product Tankers (MPT) has surged back into profit as it modernised its fleet through disposals and new partnerships.
The shipowner logged a profit before tax of $91.4m for 2019, turning around a loss of $35m in the previous year. Revenue grew from $647m to $728m.
Rates improved across all of its product tanker segments, especially in the fourth quarter, as it had expected.
