VIKING SUPPLY SHIPS ANNUAL REPORT 2023 PUBLISHED

THE GROUP’S NET SALES INCREASED YEAR-ON-YEAR TO MSEK 607 (577), NET RESULT AFTER TAX WAS MSEK -88 (8).

QUARTER 1
Viking Supply Ships secured a 38 days icebreaking contract with SMA for one of the ice-classed AHTS-vessels. The contract commenced in the beginning of February 2023. Viking Supply Ships entered into an agreement with Ocean Yield AS to charter the two 2013 built AHTS Vessels, Andreas Viking and Odin Viking, for a period of five years, with options to buy the vessels during the charter, as well as an obligation at the end of the term.

QUARTER 2
At the Annual General Meeting held in April the Deputy Chairman and one of the Company’s founders, Folke Patriksson, resigned from the Board after more than 50 years’ service. Viking Supply Ships is grateful for his dedicated and valuable service to the company through the years.

QUARTER 3
The AHTS market remained soft in the third quarter, with less utilization and lower fixture rates compared to the same period last year. The summer season, normally the strongest period in the North Sea, was disappointing this year with a high number of available vessels coinciding with project delays and postponements.

QUARTER 4
The AHTS-vessels Andreas Viking (formerly Far Senator) and Odin Viking (formerly Normand Statesman) were delivered. A contract was signed for Andreas Viking for operations outside Australia. The contract with commencement at the end of January 2024 has a fixed period of 412 days and five options of 30 days each.