GOS returns to profit

Indian offshore shipowner springs back into black as Q4 revenue soars.

India’s Global Offshore Services (GOS) has made it back into the black in the fourth quarter as revenue soared.

The shipowner said net earnings to 31 March were INR 81m ($1.36m), against a loss of INR 7.1m in the same period of 2013.

Revenue reached INR 1.02bn from INR 569m over the same period.