Offshore crisis hits Viking Supply Ship's liquidity

Despite delivering an operating profit, impairments on the PSV fleet mean that Viking Supply Ships' still books a USD 32 million loss in the quarter. This creates problems with liquidity.

Photo: Viking Supply Ships

The crisis in the offshore supply vessel market has lead to a USD 32 million loss in the third quarter of 2015, according to the carrier's third quarter interim report.

According to Viking's accounts, the weak market for the carrier's ships means that the group's liquidity is 'strained' and therefore there's a risk that the group will not be able to meet its loan agreement obligations. According to the accounts, Viking is in dialog with lenders in order to secure a stable, long-term financial situation.

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