Singapore Shipping Corp (SSC) has pushed up its profit in the first quarter and is keen on acquisition opportunities.

The vehicle carrier owner booked net profit of $2.56m for the three months to the end of June, a year-on-year improvement of 60%.

Its quarterly revenue was $11.8m, compared to $10.8m in the corresponding quarter of 2016.

SSC explained that revenue from its special projects helped the company perform strongly.