Stolt-Nielsen has welcomed better tanker markets as it logged its highest earnings since 2007.

But the Oslo-listed chemical carrier and terminals group still wants more.

Net profit in the three months to 31 May was $58.6m, compared with $7.8m in the same period of 2021, as revenue grew to $689.1m from $526.9m.

The result was achieved despite an $11.1m write-off of debt issuance costs and hedge losses related to a refinancing of its revolving credit line.