Leading Norwegian shipbroker Fearnleys increased its revenue by more than 10% last year, according to its report for 2018.

It also reported that operating margin before bonuses was at the same level as in 2017.

“We see that the restructuring [and] the new recruiting in the past two years are starting to bear fruits and based on figures for the first half of 2019, this can turn out to be a nice year, if the trend continues,” said Kristian Sorensen, chief executive and global head of shipbroking at Fearnleys.