Norway's Viken Shipping is seeing success with its strategy to concentrate putting its ships on long-term charter to oil companies.

The Bergen-based tanker owner has reported a pre-tax of $24.4m for 2019, an improvement on a $22.7m profit in 2018. The privately-owned company said its operating revenue increased from $175m to $196m.

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Viken operates a fleet of 20 crude, product and chemical tankers.