Golden Energy Offshore continues expanding its fleet as its bottom line grows.

Kristian Siem strikes ships for shares deal to buy into Borealis Maritime backed venture
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For the third quarter, the Norwegian company reported a NOK 28.8m ($2m) profit versus a NOK 49.5m loss for the same period last year.

But then, the company was operating just three vessels in a weaker market, which brought in NOK 52.8m