Thornico Group has logged record annual profit after shipping operations prospered.

The Danish parent of cargo vessel and multipurpose operator Thorco Projects said Ebitda in 2021 was more than DKK 1.2bn ($168m), up from DKK 900m-plus in the previous 12 months.

“Especially the shipping business Thorco Projects stood out positively and helped to ensure operating earnings,” the Stadil family-owned conglomerate said.