Norway's Kristian Gerhard Jebsen Skipsrederi (KGJS) has reported improved results for 2019, but the Bergen-based shipowner remains in the red.
The company had an operating profit of $17.6m last year against a $59.2m loss in 2018.
KGJS is one of Norway’s biggest shipowning companies, and poor markets particularly in the tanker business led the company to write down the value of its fleet by $240m in the three year period from 2016 to 2018.
