Viking Supply Ships’ whole PSV fleet stacked

Norwegian supply shipping company, Viking Supply Ships, has decided to lay up its two remaining active platform supply vessels (PSVs) leaving the company with no active PSVs. 

Namely, the PSVs Sol Viking and Freyja Viking, built in 2006 and 2007, respectively, will be laid up with immediate effect.

The Norwegian company explained the vessels are being laid up due to a continued weak PSV market.

The company’s other three PSV vessels, Frigg Viking, Idun Viking and Nanna Viking, were laid up in September 2015.

The shipping company said that the decision would reduce the company’s operational costs going forward and will give a positive impact on the results from second quarter 2016.

Viking Supply Ships’ compatriot, Island Offshore, also recently laid up two PSVs due to low activity, bringing the number of Island Offshore’s PSV in lay-up to four.

Another provider of platform supply vessels, World Wide Supply, recently experienced problems similar to the one Viking Supply Ships is having as the company’s two remaining active PSV vessels were blocked by Brazilian local tonnage. If this shipping company loses these two contracts, it will leave the company with no active vessels.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply