InDNB’s first-quarter earnings report management said the “quality” of its ownmaritime portfolio is on the up but acknowledged the space still faces certain “challenges”.

“DNBstill anticipates a gradual upturn in most shipping markets through 2014 and2015,” the lender told investors Thursday.

“In theoffshore segment, especially the rig segment, reduced growth is expected in oilcompanies’ investments.

“Developmentsin the offshore supplier industry are subject to special follow-up.