The net loss last year was $30.98m, against $18.15m in 2013, while revenue dipped to $91.28m compared to $104.21m.

But it said: "It is important to emphasize that throughout 2014 the LSC Group was able to achieve a positive result from its chartering and other activities, achieving a net profit before tax and exceptionals of $12.68m, which is $3.68m more than in the previous reporting period."

It