Viking Supply Ships A/S, a supply shipping company, has decided to lay up three platform supply vessels (PSVs) due to a continued weak PSV market.
The vessels destined for lay-up are Idun Viking and Frigg Viking, both built in 2003, and Nanna Viking, built in 2006. The company operates two more PSVs, Freyja Viking and Sol Viking.
According to Viking Supply Ships, the vessels’ crew is provided by an external ship manager and the decision will consequently not have any impact for crew employed in Viking Supply Ships.
The company adds it will support the ship manager in finding alternative vessels for the crew members on the three vessels.
In a press release issued on Wednesday, the company explains: “The decision will reduce the company’s operational costs going forward and will give a positive impact on the results from fourth quarter 2015, with full effect expected from first quarter 2016.”