Japan's Namura Shipbuilding has reduced its loss in the first six months, but is still heading for a deficit over the 12-month period.
The net loss to 30 September was JPY 2.88bn ($25.46m), down from JPY 10.39bn a year ago.
Revenue rose to JPY 70.48bn against JPY 68.16bn, however.
Its full-year forecast is for a loss of JPY 4.7bn,