Oslo-listed IM Skaugen Group (IMSK) has returned to profit in the third quarter after moving most of its fleet west of Suez.
It logged net earnings of $4.27m to 30 September, up from a loss of $4.67m in the same period of 2014.
Revenue was down at $17.17m against $21.32m, but it booked a bigger gain of $12.27m from joint ventures and associates.
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