The boxship owner said net earnings to 30 June were EUR 5.51m ($6.21m), against EUR 4.59m in 2014.

Revenue jumped to EUR 126.58m from EUR 108.97m.

CEO Gylfi Sigfusson said: “Operating revenue and EBITDA in the second quarter are the highest in one single quarter since the company’s restructuring in 2009."

Transported volume in the North Atlantic liner services increased by 6.9% in the second quarter with good volume growth to and from Iceland.

Business