Viking Supply Ships books deficit on unsatisfactory revenue

An "unsatisfactory" revenue at Swedish offshore ship operator Viking Supply Ships resulted in a bottom line deficit in the first quarter of the year. The shipping company's CEO expects that the supply market will remain challenged for the rest of 2019.

Photo: Viking Supply Ships

The year's first interim report from Swedish offshore shipping company Viking Supply Ships reflects the tough conditions that continue to characterize the offshore supply market.

With a revenue of SEK 78 million (USD 8.0 million), the shipping company booked a negative operating result of SEK 22 million for the quarter and a net deficit of SEK 17 million, according to the earnings report.

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