Second quarter net profit for the designer and shipbuilder of offshore and specialised vessels stood at NOK278m ($46.8m), a 1% increase from NOK274m seen in the same period of last year.
Revenue increased 22% year-on-year to NOK3.34bn.
In the first six months of 2012, however, net profit at STX OSV fell 7% year-on-year to NOK548m.
During second quarter, contracts for eight new vessels were secured, and total order intake amounted to NOK4.99bn. Six vessels were delivered during the quarter, bringing STX OSV’s total order book to 55 vessels and outstanding order book value to NOK18.27bn as at 30 June 2012.
STX OSV said it is seeing orders for anchor handling tug supply (AHTS) vessels fall slightly behind expectations and lower-than-anticipated day rate levels for AHTS vessels and platform supply vessels (PSVs). Strong subsea construction market, however, continues to drive demand for high-end offshore support vessels, it added.
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