Christen Sveaas-backed Viking Supply Ships has struck a preliminary deal with lenders.

In an update today Viking said it had reached an in principle agreement with its banks.

Details on what had been agreed with lenders was not disclosed and TradeWinds is awaiting further comment from the company.

The offshore owner says talks are ongoing with creditors and shareholders, with the situation described as “challenging" while the "dialogue is constructive”.

Viking