Norwegian shipowner Espen Galtung Dosvig’s EGD Holding has logged its best-ever annual profit in strong tanker markets.

The shipping and property company saw net earnings soar to NOK 725m ($68.6m) last year, from NOK 286m in 2021, bringing the total book equity in the group to NOK 2.2bn.

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“It was a good year,” Galtung Dosvig told Finansavisen.