Engebret Dahm-led NOCC soared to a net profit of NOK 10.6m ($1.74m) forthe three months to 30 September, overturning a loss of NOK 2.9m for the sameperiod of 2012.

The improved showing comes amid a market which has tightenedto the point where there are currently no vessels available to cover outstandingrequirements, the company revealed in its earnings statement.

Oslo-listed NOCC has signed three new charters since thestart of July, including two this month, at rates on average 6% higher than theprevious contracts.

The