Erik Nikolai Stavseth, a researcher atArctic Securities, believes the Nasdaq-quoted tanker, bulker and rig operatorwill turn in earnings before interest, taxes, depreciation and amortization(Ebitda) of around $154m.

In a note to clients the Norwegianequity analyst said he expects to see revenues of $376m for the fourth-quarterof 2013, a period in which he believes the Greek owner’s shipping and offshoredivisions generated $77m and $299m, respectively.

Stavseth