Ship sales buoy Stainless Tankers as it hands back profit to shareholders

Tufton-backed Stainless Tankers has pushed up first quarter earnings thanks to chemical carrier sales.

The Oslo-listed company said net profit was $4.4m, up from $3m a year ago.

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Revenue fell to $12.8m against $16m in 2024.

The 20,000-dwt Marmotas and 20,645-dwt Monax (both built 2005) left the fleet during the period, for a total of $31.2m.