The Nicolas Saverys-led LPG owner said net profit for the period was $21.8m compared to $51.9m in the same stretch of 2014.

It came on consolidated revenue of $158m, which was smaller than the $170.9m posted a year earlier.

Exmar hit the headlines in July with its $2.3bn LNG joint venture with John Fredriksen’s Geveran Trading and Flex LNG.

It said the midsize market remains very active in key trades with tight shipping supply conditions likely to remain throughout 2015.