Kim Heng Offshore & Marine Holdings has been able to trim its fourth quarter losses compared to a year ago as it looks to expand its vessel ownership.

The Singapore-listed company lost SGD 8.9m ($6.7m) versus the loss of SGD 12.9m seen in the last three months of 2016.

Kim Heng saw revenue slide by a similar percentage, down 30% to SGD 5.2m.