Net income came in at$18.3m, while ebitda rose by 60% from $28.5m to $45.8m, the company said.
Revenuegrew by 82% to $54.5m helped by its fleet expansion which has seen twelve new vesselsadded to the fleet this year.
“Thestrict implementation of the cabotage law since 1 January this year has limitedthe supply of available Indonesian flagged vessels, thus resulting in higherdomestic charter rates,” said Wintermar.
Thetwelve
