Its net profit was NOK 192m ($31m), a significant improvement from last year’s NOK 39m.

Revenue went up 23.6% to NOK 689m while total assets were increased by NOK 1.6bn, to NOK 9bn.

Fleet utilisation for the period reached 85% while two new vessels contributing.

Olympic Ship seven newbuildings delivered in total during the last three months to the end of June.

It has also ordered two subsea vessels from Kleven.

Increased