Havila Shipping in Norway achieved an earnings before interest, taxes, depreciation, and amortization (EBITDA) of NKr140 million (US$23 million), compared to NKr90 million (US$14.8 million) in the first quarter of 2011. The operating margin was 33 per cent, compared to 18 per cent in the same period last year. Profit before tax has improved considerably, from a loss of NKr25 million (US$4.11 million) in 2011 to minus NKr3.5 million (US$570,000) in 2012. Njål Sævik, CEO of Havila Shi....

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