Fearnleys’ revenues rose 16% to NOK 353m last year amid changes to its charter broking operations, according to the annual report filed by parent company Astrup Fearnley.
The Oslo-based shipbroker had an operating margin of 23% before bonus payments in 2017.
Kristian Sorensen, chief executive and global head of shipbroking, said that the figures were partly marked by the restructuring of its chartering business.
