Pactum, the investment company of shipowner Eivind Astrup and his family, more than doubled its profit last year.
Astrup is now out of operational shipping, although Pactum still has stakes in shipping projects.
The privately owned company last year logged a pre-tax profit of NOK 221m ($27.3m), up from NOK 96m a year earlier.
Pactum's non-shipping investments include real estate, bonds and shares.
