Shipping’s largest classification society DNV GL has reported an improvement in profit and revenue despite a “challenging” market in 2018. .

According to its end of year figures revenue increased slightly to NOK 19.6bn ($2.2bn) in 2018 compared to NOK 19.4bn in the previous year.

This helped earnings before interest taxes and amortization (EBIT) increase to NOK 1bn last year, compared to NOK 993m in 2017.