Improved results at its bulker, tanker and LNG divisions has helped Mitsui OSK Lines (MOL) to outshine its rivals and post a full-year profit.

Friday saw the Japanese shipowner post net income of JPY 26.8bn ($240m) reversing a year-ago loss of JPY 47.4bn.

This was despite revenue declining by over 25% year-on-year to JPY 1.2bn,