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Viking Supply books Q3 profit following sale of ships

Sweden's Viking Supply Ships has sold five PSV offshore vessels, and the gains helped push the company to a small profit in an otherwise strained market. There are still far to many ships in the market, says CEO.

Photo: Viking Supply Ships

Offshore vessel operator Viking Supply Ships is still struggling in a market with far too many vessels vying for the available contracts.

The company has now sold all of its platform supply vessels (PSV) along with three-icebreakers, and these one-off gains helped push the bottom line to a profit.

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