Net income for the period was $33.1m, $1m more year-on-year.

Revenue increased from $86.6m in 2013 to $90.7m. GMS’s small vessel segment was the main contributor to that figure, with $51.5m.

The London-listed company’s fleet utilisation was 96%, with satisfactory day rates maintained ($103,000 for large class vessels and $38,000 for small class vessels).

A successful initial public offering in March raised gross proceeds of $111m.

Two