Quarterly pre-tax profit was NOK 90m ($14.5m), almost the same as NOK 89m the year prior.

Revenue increased from NOK 521m to NOK 593m thanks to additional term contracts for the platform supply vessel (PSV) fleet, which added to the quarter’s high contract coverage.

The offshore shipowner has won six new contracts in 2014 so far.

Its newbuilding project includes six additional vessels to be delivered in 2014, 2015 and 2016.

The