The company, which carried out a $47.4m IPO last year, said net earnings were $33.24m, against $30.25m in 2013.

Revenue grew to $127.47m from $106.4m. Costs were $76.16m against $70.53m.

The company has said it plans to spend $80m on adding seven ships in 2015.

Clarksons lists 27 vessels in its fleet, with the vast majority small, vintage coastal products, chemical and LPG tankers.

However,