Financial report for the 1st quarter 2021
· Revenues for the first quarter of 2021 was MNOK 1,337 vs MNOK 1,203 in 2020, while EBITDA adjusted for the first quarter was MNOK 432 vs MNOK 284 in 2020. · Full settlement agreed with Saipem on the termination fee for Normand Maximus charter. Total termination fee of MUSD 44,3 booked in 1Q 2021. · The quarter is affected by seasonal low activity. · Increased bidding activity within Oil & Gas and Offshore Wind bodes for improved market balance going forward particularly for the CSV-fleet. · The active fleet has been increased from 73 to 75 vessels during the quarter. All