Norway's Havila Shipping is continuing to benefit from lower finance costs after restructuring its debt in the summer.
The Saevik family-owned offshore vessel company said net earnings in the third quarter were NOK 16.77m ($1.9m), compared with a loss of NOK 100m a year ago.
The June agreement with banks and bondholders pushed $420m of maturity and some repayments out to 2024 as the family maintained control through the issuing of a new convertible loan.
