Havila, along with many owners, had been expecting a much stronger North Sea spot market than has materialised so far. It has posted a profit before tax of NOK 24.4m ($3.9m), down from NOK 33m in the same period last year.

Earnings before interest, tax, depreciation and amortisation (Ebitda) hit NOK 200m ($32.3m), with total revenues of NOK 402m. Earnings per share (EPS) were NOK 1.4,