Norwegian tanker owner DSD Shipping has reported a significant improvement in its annual result and has had a strong start to 2020 amid fleet renewal efforts.
The privately owned company said that last year it had a pre-tax profit of NOK 184m ($17.4m) against a NOK 69m loss in 2018.
The biggest contributor to the jump was the reversal of a substantial write down of its fleet in 2018.
