Privately-owned Affinity (Shipping) has reported a stable profit for 2017 as Richard Fulford-Smith continues to build up the brokerage.

Accounts released to Companies House this week show Affinity recorded a pre-tax profit of £1.84m ($2.59m) in 2017.

This marks a gentle rise from the £1.83m booked in 2016 despite Affinity having a smaller staff and lower revenue last year.

Affinity was set up in 2014 by managing partner Fulford-Smith and is today active across the sale and purchase, newbuilding, dry cargo, tankers, gas and finance markets.