Eidesvik Offshore says the offshore vessel markets have seen an upturn so far this year and has cut its net loss for the first quarter.
The offshore supply vessel owner recorded a loss after tax of NOK 49.7m ($5.7m) for the first three months of 2019, compared to a NOK 51.1m loss during the same period last year.
"In the first quarter of 2019, the market for PSVs [platform supply vessels] in the North Sea experienced a welcome increase in both rate and utilization levels," Eidesvik said in its financial report.
