Karl Lodrup Kvalheim’s private Champion Tankers has posted its best-ever earnings in strong 2022 markets.
The product tanker operating company’s parent Nesttun Invest shows in its accounts a net profit of $74.9m last year, up from $3.4m in 2021.
Revenue soared to $390m against $190m as Russia’s invasion of Ukraine transformed the sector’s trade patterns and tonne-miles.
