Precious Shipping says last year’s financial performance was the second-best in its history, bettered only by the blockbuster results of 2008.

The Khalid Hashim-led shipowner said full-year net profit for the year was $136.96m — just shy of its all-time high of $148.14m, 13 years earlier.

The Thai shipowner enjoyed a particularly strong fourth quarter, with net profit reaching $52.7m