Viking PSV sale fails

Norway-based Viking Supply Ships has so far failed in its attempt to sell off its platform supply vessel (PSV) fleet.
Viking: no sale yet

Viking: no sale yet

The offshore owner, controlled by Sweden’s Rederi AB Transatlantic (RABT), said that the “evaluation of a possible sale of the PSV fleet has not been concluded.”

It had also been in talks over a bareboat charter for two anchor-handlers, but was unable to get this over the finishing line either.

But Viking has managed to declare purchase options on its chartered-in supply ships SBS Typhoon (3,700-dwt, built 2006) and the 3,800-dwt Freyja Viking (built 2007), which will be bought in mid-May and early October respectively.

This will give it six owned PSVs.

It has refinanced loans on the PSVs through a new SEK 480m ($73m) facility maturing in 2016. This also enabled the purchase of the two vessels.

The net loss was NOK 19m ($3.2m) in the first quarter, compared to NOK 78m in the same period of 2013.

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