Viking Supply Ships has bought back a laid-up anchor handler for $1 from its largest shareholder Christen Sveaas so that the vessel can be sold.

The move emerged as the Swedish company posted a better result for the second quarter 2019.

Viking exercised its option to acquire the 15,440-bhp Odin Viking (built 2003) for $1 from a special-purpose company owned by Viking's major shareholder, Kistefos.