Excluding non-recurring items and the gain from a vesselsale in the first quarter of last year, the Singapore-listed firm's third quarter net profit rose 15% while revenuewas up 12%.

Jaya’s fleet boasted charter utilisation of 91%during the three months to 30 September compared to 84% on the same fleet size of 28 vessels.

During the quarter the company completed construction of two highspec PSVs – the Jaya Valour and Jaya Vigilant - which beganlong term charters immediately upon delivery.