Grieg in profit 2015

Grieg Shipping logged a net profit $1m in 2015. Dry Bulk Shipping division is in loss and suffered from the poor bulker market but Tanker Shipping division is in profit and significant sale-and-leaseback transactions that contributed positively to the results in 2015. Grieg Shipping’s open-hatch division delivered better-than-expected results. Grieg Shipping’s staff of 46 operates out of offices in Bergen, Oslo and London.