Viking Supply Ships idles even more vessels

Depressed offshore carrier Viking Ship Supply is now feeling the effect of the continued extremely weak market, and the carrier thus pulls even more ships from the market. The decision will contribute positively to the result for the second quarter, notes the company.

Photo: Viking Supply Ships

Viking Supply Ships is struggling with the all-time low activity in the offshore market, where the rock-bottom oil price has made customers, namely oil and gas companies, drastically downscale their investments.

The fleet of active offshore vessels has steadily declined in the past many months and the Danish/Swedish carrier is now adding two supply ships (PSV) to the growing pile of idled ships, the company writes in a statement.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs