The John Fredriksen gascarrier company said net earnings to 31 March were $12.99m, against $85.56m in2013.

There was a gain of $35.4m from the sale ofthe 170,000-cbm Golar Igloo (built 2014).

Operating revenue droppedto $20.96m from $35.81m and it logged higher vessel operating expenses anddepreciation.

Two ships were mostlyidle in the quarter, but another came out of drydock toprovide a full quarter’s earnings, it said.

The