Norwegian PSV owner SD Standard Drilling has reduced its third quarter loss ahead of an expected recovery for the sector.
The operating deficit was $0.2m, against a loss of $5.8m in 2017.
Standard Drilling owns 100% of five large modern PSVs, plus shares in 13 medium-sized PSVs.
Revenue and EBITDA from chartering out the vessels are not consolidated into or reflected in the financial statements.
