Reactivating the 9,655-dwt Wilson Mar (built 1985) to theperformance level the company requires would mean forking out for a significantupgrade, the Oslo-listed firm said.

However Wilson believes the investment would not be worth itswhile considering the current state of the market.

The company booked a net deficit of NOK 34.18m ($5.96m)during the first quarter compared to NOK 13.1m in the same three months of2012.

A