UK shipbroker Braemar has doubled its interim profit on the back of busy sale and purchase (S&P) markets and tanker fixture strength.

The London-listed company said it had continued to benefit from the increased scale and breadth of its broking operations, with activity "significantly up".

In the six months to 31 August, net earnings were £8.6m ($10.1m), up from £4.3m a year ago.

This was “materially ahead” of expectations at the start of the year.