Dof on the rise
Norway’s Dof has taken full advantage of its long-term contracts and prospered in the second quarter, recovering from last year’s loss.
The offshore shipowner said that net profit for the period was NOK 188m ($30m) versus a loss of NOK 267m one year prior.
Revenue rose to NOK 2.8bn from NOK 2.5bn and operating profit before depreciation (EBITDA) was 12% higher at NOK 866m.
As of 30 June the company’s fleet consisted of 77 vessels with contracts in place worth NOK 61bn including options.
Dof said that it has secured good fleet utilisation for the third quarter.
Earlier this week, TradeWinds reported that the offshore operator had won contracts for offshore support ships in Asia and the Atlantic worth NOK 830m.