Earnings declined from NOK 21m ($3.4m) in the same spell of 2013, to NOK 4.8m.

The company blamed a ten-year class survey and the docking of Boa Deep C (built 2003) for its latest performance.

Revenue rose by 38.4% to reach NOK 418.4m while ship operating costs were NOK 247.5m, more than double compared to last year’s NOK 115.9m.

EBITDA was reduced by NOK 15m, to NOK 100m.

Boa