Grieg Shipbrokers, formerly Joachim Grieg & Co, booked a profit of NOK 5m ($637,798) before tax last year to overturn a loss of NOK 12m in 2013, Grieg chief executive Wenche Kjolas tells TradeWinds.

Its previous full-year profit was in 2011.

A profit for the shipbroker follows a script Kjolas predicted in these pages a year ago, and she says the company is expected to stay in the black in 2015.