Its net loss for the period was NOK 4.7m ($764,000) compared to last year’s NOK 10m.

In its quarterly report, Vestland said this summer has been a disappointment for vessels employed in the spot market.

Revenue rose by 15% to NOK 53m, while EBITDA climbed to NOK 30m from NOK 22m a year ago.

Vestland owns four platform supply vessels (PSVs) while externally managing six seismic vessels plus another high-end PSV.

It