Oslo-listed platform supply vessel (PSV) investment company SD Standard Drilling is banking on a market upturn in the spring.
It posted a loss of $5.76m in the third quarter, compared to $82,000 in 2016, due to negative fair value changes of $6.6 million.
But SD said that short-term contract coverage is "satisfactory" and, with no debt, it expects to take advantage of the expected upturn in the market from the spring of 2018.
