Norwegian bulker and combination carrier group Torvald Klaveness has revealed a record profit for 2021 as its long-serving chief executive prepares to depart.

The pools specialist said net earnings last year topped $100m, against a break-even figure in 2020.

Revenue climbed to $520m from $309m in strong bulker markets.

All business units delivered good results and the company has seen a clear pay-off from its strategic investments and initiatives, it said.