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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Viking CEO: Slower growth in the years to come
For subscribers
Bottom-line growth in 2014 for Viking
For subscribers
Viking CEO: We are where we need to be
For subscribers
