Profit for the year jumped to EUR 56m ($61.8m) from EUR 26.8m in 2013 as revenue grew 10% to EUR 290.1m.

Analyst Investec said the company was boosted by the addition of the 26,375-gt Epsilon (built 2011) and lower fuel costs.

It raised the company's status to "buy" and it explained ICG could be free from its current EUR 61.3m net debt in less than three years.

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