US owner Hornbeck Offshore Services (HOS) has racked up a bigger loss in the fourth quarter as rates stayed soft.
The net deficit to 31 December was $24.2m, against a profit of $93.8m in 2017, when it was boosted by a $125.2m tax benefit related to US tax reform legislation.
Revenue was $53.9m, down $2.3m year-on-year.
There was a fall in multipurpose platform supply vessel (MPSV) rates due to soft market conditions, partially offset by improved market conditions for its offshore support vessels (OSVs).
