Viking Supply Ships sees fragile balance in offshore sector

Sweden's Viking Supply Ships exits 2019 with an overall profit. However, the first quarter looks weak for the shipping line, which sees a potential setback on the top line. Market balance remains fragile.

Photo: PR/Viking Supply Ships

Viking Supply Ships expects its revenue will "likely" decline in the first quarter compared to the preceding period resulting from factors such as a "slow start" to 2020.

The company says as much in its fiscal report on the fourth quarter and 2019 as a whole, and adds that the market balance remains fragile.

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