Fred Olsen group holding company Bonheur has posted a sizeable decline of 70% in third-quarter net income to NOK 30 ($3.3m).

The Oslo-listed group, which covers shipping, renewables, cruise and other investments, saw revenue increase to NOK 2.2bn from the year ago figure of NOK 1.8bn.

The renewable energy arm saw Ebitda shrink 44% to NOK 124m, shipping and offshore wind saw Ebitda more than double to NOK 289, while cruise Ebitda was down 9% to NOK 157m.