Despite a smaller fleet the Norwegian offshore vessel owner bookednet earnings of NOK 67m ($11.3m) for the period, a 74% rise on the NOK 38.5m seen in thethird leg of last year.

On an operating level earnings jumped by over 50% to NOK167.5m from NOK 109.5m.

Total revenue came in at NOK 401.5m, also arecord, compared with NOK 360.7m for the corresponding period last year.

The sales came from 27 vessels in operationduring the period down from 28 in the third quarter of 2012.

Njal Saevik, CEO, said: “This has been a very good quarterboth in terms of income and profit.

“We are getting ever closer to our goal of being in aposition where dividends again can be paid to our shareholders.

“I am also very satisfied that we have settled refinancingagreements for 6 out of 7 vessels with repayment in 2014,” he said.

Havila said the North Sea spot market was better than theprevious quarter.

Fosnavaag-based Havila has secured new contracts worth closeto NOK 2.9bn so far this year and the company’s total contract backlogstretches to NOK 6.6bn including options.