Denmark’s Uni-Tankers recorded stronger net results in the first financial year after the exit of Danske Bank as co-owner.

In its annual report, the Middelfart-based tanker operator said the improvement partly resulted from a series of turnaround measures that were first launched in late 2018.

Uni-Tankers said cost-cutting initiatives, investments in human resources and the expansion and diversification of its fleet have enable the company to focus on growing revenues and providing better customer service.