Continuing expansion of its wet fleet has paid off with bigger profits for Trafigura Group.

The trading giant said the average number of vessels under time charter of more than three months was between 210 and 230 in the year to 30 September — an increase from between 175 and 190 last year.

For bulkers, the figure ranged between 60 and 65 vessels, as opposed to 50 to 55 in 2021.