Operating revenues in the quarter were USD 30.2 million (USD 27.1 million including a USD 1.3 million capital gain). Revenues in the quarter included a USD 2.5 million compensation from Maersk Oil Qatar Ltd relating to the redelivery condition of FSO Knock Nevis when her contract expired in August 2009. This was the final settlement of a dispute reported in previous quarters. EBITDA was USD 14.9 million (USD 11.4 million).

Knock Nevis, formerly known as Seawise Giant, Happy Giant, and Jahre Viking. The 1979 built old lady, with her 458 meters (1504 feet) in length, 69 m (226 ft) in width and 83,000 tons of steel, is the largest ship ever built in the world. The illustration below set the size of Knock Nevis in perspective with the world’s most famous and tallest building.

(Oslo, 16. December 2009). With reference to articles in Lloyds List on 15. December 2009 regarding Knock Nevis, Fred. Olsen Production has the following comment: First Olsen Pte. Ltd (a subsidiary of Fred. Olsen Production ASA) delivered "Knock Nevis" to its owner, a shipping company within the crude oil storage and bunkering industry, based in Asia on 11. December 2009.