The company’s revenue rose by 669% to reach $153.7m, against $20m in 2013.

Vallianz booked annual profit of $20.4m, which is bigger than its 2013 revenue and almost double profit of $10.3m.

It attributed its latest result to OSV chartering activity in the Middle East and successful investments in Mexico and Indonesia.

Ling Yong Wah, CEO of Vallianz said: “2014 was indeed a watershed year for Vallianz.