Rina plans to grow by 50% by 2024, while nearly doubling profit in a market in upheaval as a result of Covid disruption and geopolitical strife.

The Italian classification society on Wednesday reported €8.1m ($8.69m) in profit last year, against €4.9m in 2020, by rolling with the punches and keeping an eye on future growth.

“Our expansion plan continues both externally, thanks to several merger and acquisition projects that are in the pipeline, as well as internally with the support of an important recruitment plan that will lead us to hire over 2,000 new colleagues over the next two years, half of those in...