Shipping Recession definitely in not a problem for Polaris Shipping.

Korea Ratings has promoted Polaris Shipping’s credit rate to BBB+.

According to Korea Ratings announcement on 23rd Dec. ‘Polaris Shipping’s Issuer Rating has promoted from BBB to BBB+, CP(Commercial paper) credit has also been promoted from A3 to A3+ and Rating Outlook is Stable.

Polaris Shipping has shown stable growth under a strong relationship with cornerstone customers. Polaris Shipping’ has proven their infinite potential by announcing financial results for 3Q, 2015.

Compare to 2014’s 3Q, Revenue increased by 2.3%, Operating Income increase by 14%, Net Income increase by 78.1%.