Oslo shipbroker Steem1960 has reported profit little changed for 2018 in the face of markets that remain sluggish in the face of overcapacity.
The privately-owned firm said pre-tax earnings slipped to NOK 34m last year from NOK 37m in 2017, as revenues rose to NOK 224m from NOK 221m.
Steem1960 was formed after the Inge Steensland family sold the shipbroking firm with the founder’s name to the firm's employees in 2016.
