Norway’s Klaveness Ship Holding squeezed back into the black in the second half of 2017 but it remained in the red for the full year.

Improvements in the container and dry bulk sectors led to a modest profit of $133,000 in the second half, reversing a $28.9m red number for the tail end of 2016.

As a result Klaveness’ full year loss for 2017 reduced to $8.3m