Stig Remoy's Olympic Subsea has made it back into the black as it enjoyed full utilisation in the second quarter.

The Oslo-listed offshore vessel company said net earnings to 30 June were NOK 8.43m ($0.92m), against a loss of NOK 3.07m a year ago.

All 11 ships were operating, bringing in revenue of NOK 183.3m, compared to NOK 178.57m in 2018.