VIKING SUPPLY SECURES LONG-THERM AHTS CONTRACT

Viking Supply Ships has entered into a contract with a “major oil company” for the charter of four of its AHTS vessels: Loke Viking, Magne Viking, Brage Viking (pictured c/o D Dodds) and Balder Viking.
The contract applies to specific drilling seasons in 2014 and 2015, with options for 2016 and 2017. The drilling seasons are expected to commence around April/May each year. The fixed period of the contract covering the first two seasons comes with a total value of approximately USD 120 million, including mobilisation fees. Magne Viking is currently working offshore eastern Canada, with the other three vessels trading the North Sea spot market.