Norwegian shipbroker Steem1960 has reported a record result in 2020 despite the impact of Covid-19 on trade and shipping.
Pre-tax profit increased to NOK52m ($6.26m) from NOK50m in 2019, despite revenues slipping to NOK 296m from NOK325m.
Chief executive Botolf Sundby said the market for product tankers was reasonably good in the first half of 2020, and the prospects for 2021 are also looking reasonable.
