Net income for the three months ended 31 December 2013 was $6.7m versus the $10m seen in the corresponding period last year.
The Singapore-listed company saw revenue slide by 35.7% to $9.2m, but costs were down 49% to just $1.7m.
“This was primarily due to lower bareboat charter rates secured for two vessels ascompared to the higher time-charter rates for the previous correspondingquarter,” CH Offshore said.
The
