Viking feels waves from crisis in offshore
Viking Life-Saving Equipment can feel the impact on business from the oil price putting pressure on the offshoremarket. "The market has retreated a lot in the last nine months," says CEO Henrik Uhd Christensen to ShippingWatch.
BY LOUISE VOGDRUP-SCHMIDT
The Danish company Viking Life-Saving Equipment broke into the offshore market last year with numerous licensing deals with new customers. Since then, the market has proven to be less favorable than expected, due to the drastic plunge in oil prices which not only has paralyzed Viking's customers but the entire offshore industry from the major oil companies to the smallest suppliers.
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