Norway’s Hoegh Autoliners has returned to profit for 2015 as volumes grew.
The Norwegian car carrier company said net earnings last year were $32.2m, against a loss of $51.04m in 2014.
Revenue was down at $1.12bn from $1.18bn, but volumes increased 4% year-on-year, compared to a rise in global car sales of 1.7%.
"In a weak market, Hoegh Autoliners is doing relatively well," said CEO Ingar Skiaker.
