Havila Shipping has significantly narrowed its losses for the fourth quarter after taking a major impairment on assets a year earlier.
The Njal Saevik-led company booked a loss of NOK 131.8m ($16.8m) versus a loss of NOK 1.08bn during the same period last year.
Year-ago results included an impairment charge of fixed assets of NOK 900.5m.
Revenue for the quarter fell to NOK 139m from NOK 245.2m
