John Fredriksen-led SFL booked a gain of $40.73m in the three months to the end of March, more than double the $18.30m banked in the final three months of 2013.

Revenue spiked to $160m in the period, up by $8m on the previous quarter.

The ship and rig owner is handing $0.41 per share to investors for the quarter. Its total payment of $37.31m