The company said it recorded profit of EUR 12.5m ($17m) from revenue of EUR 560m in 2013.

It added that revenue should exceed EUR 600m this year - with earnings rising further.

Samskip has revealed a plan to simplify and streamline its operations, bringing shipping and multimodal businesses together under the Samskip name.

All dry cargo and reefer forwarding activities will be combined under the newly created Samskip Logistics.

Jens