Danish product tanker carrier Hafnia Tankers logged a $2.33m gain in 2014 after a strong finish to the year, according to its annual report.
The firm finished 2014 in the black despite running up a $5.13m loss across the first three quarters of the year.
According to a Lloyd's report, Hafnia is putting the brakes on fleet expansion for the time being as it prepares to receive as many as 10 newbuilding product tankers this year and four in 2016.
Hafnia Tankers is currently only listed on the OTC list in Oslo. According to Pareto Securities
, which along with Danske Bank Markets and American Global Hunter Securities has initiated coverage of Hafnia Tankers from the beginning of 2015 and expects a potential IPO.