The Oslo-listed US company said netearnings were $13.1m in the three months to 31 March, against $12.2m in thesame period of 2013.

Revenue edged up to $21.6m from $21.5m,while finance costs were down to $13m from $14.3m.

The fleet is chartered to restructuring ownerOSG, which continues to pay the fees on time, AMSC said.

The company is still in talks with AkerPhiladelphia Shipyard over a potential order for four tankers and otherpotential shipping assets, it added.