The Oslo-listed operator said the net deficit to 30 June was $78.2m, compared to $120m in the same period of 2013.
This was still worse than analysts' estimates of $28.1m, however.
Revenue was down from $121m to $119m, but costs were reduced much faster, from $222m to $184.5m, as vessel operating expenses were cut.
Vessel impairment losses were slashed to $56.2m, following an $81m hit last year.
Second
