Ernst Russ said 2016 revenue doubled and profit rose sixfold thanks to a better results across its 157-strong ship portfolio. 

The shipping investment manager reported group income at EUR 6.2m ($6.7m), up from EUR 1m for 2015. Revenue of EUR 40m was also up from the EUR 20.7m seen a year earlier. 

The company reported equity increasing to EUR 38.6m,