Norway's Havila Shipping is enjoying better platform supply vessel rates for its fleet but still ended the second quarter with a loss.
The Saevik family-controlled company said the PSVs' utilisation had also improved in the three months to 30 June.
One PSV was taken out of lay-up and placed on contract in May.
This leaves Havila with six of its 23 vessels stacked: three PSVs and three anchor-handling tug supply units.
Norwegian broker Westshore reports PSVs being fixed at up to £6,250 ($8,600) per day in the North Sea spot market.
Havila's subsea vessels also contributed to improved earnings in the second quarter.
One subsea ship was booked on a three-month contract in mid-April that was later extended to February 2022.
Small loss in second quarter
The net loss was NOK 930,000 ($100,000) to 30 June, against a profit of NOK 1.45bn in 2020.
Last year's figure was boosted by a NOK 2bn gain due an adjustment in the value of its borrowings following a $420m debt restructuring.
Havila said the refinancing agreement does not prevent the company's fleet from being reduced through the sale of ships whose revenue is below operating costs.
The fleet utilisation in the second quarter was 90%, excluding the vessels in lay-up.
Operating revenue was NOK 145.2m, down from NOK 201m a year earlier.
There was no impairment charge on the fleet in the second quarter this year, against NOK 521m in the same period of 2020.
The book value of the vessels is NOK 1.82bn.
