BP Shipping has posted a big profit for 2022 as ship impairments were reversed and a smaller fleet undertook more voyages.

According to accounts filed at Companies House in the UK, net earnings last year came in at $227.3m, turning around a restated loss of $208.2m the year before.

BP Shipping is one private slice of the larger group, handling shipping and ship management, and reflecting the operations of the UK-linked shipping activities.