The Oslo-listed shipowner booked a NOK 25m ($4.15m) loss during the quarter from the sale of the 2,300-ceu Vinni (built 1994) and 2,300-ceu Vibeke (built 1996) to recyclers in China.

As a result NOCC, currently the subject of a takeover bid by compatriot Klaveness Marine, fell to a NOK 19.3m deficit during the period from a NOK 18.9m loss in the final leg of 2012.

Earnings before interest, tax, depreciation and amortisation (ebitda) fell to NOK 46.1m