Lower general costs have allowed IM Skaugen to cut its fourth-quarter loss.
The Norwegian gas carrier owner said the net deficit was $4m, from $9.2m in the same three months of 2014.
Revenue from the 15 ships run by its Norgas Carriers-managed pool grew to $16.54m compared to $15.23m year-on-year.
The net loss was $4.9m for the whole of 2015, against $27.1m in 2014.
General