Oslo-listed Stolt reported a profit of $13m for the three months to the close of December, taking its full-year gain to $78.1m.

Analysts at RS Platou Markets say adjusted profit for the quarter reached $27m, ahead of the $21m consensus.

Niels Stolt-Nielsen, chief executive of the shipowner, said: “Overall 2014 was a disappointing year for Stolt-Nielsen Limited.   The expected turnaround at Stolt Tankers did not materialise due to lower volumes and a soft freight market, reflecting a sluggish global economy."

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