Chemical tanker owner Utkilen has reported an improved annual profit on the back of a sharp increase in operating revenue.
The family-owned Norwegian company has reported operating revenue of €113m ($129m) for 2019, up from €100m in 2018. Pre-tax profit increased from €16.2m to €17.9m.
The improvement is primarily due to growth in the company fleet.
At the end of 2019, the company owned and operated 23 chemical tankers of between 6,000 dwt and 20,000 dwt.
