Viking Supply Ships Bags Charter Deals Worth $120 Mln

Viking Supply Ships has entered into a contract with a major oil company for the charter of the AHTS-vessels “Loke Viking”, “Magne Viking”, “Brage Viking” and “Balder Viking”. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to start around April / May each year.

The total value of the contract’s firm period including mobilization fee is around MUSD 120.

The contract further adds to the company’s backlog, which now accounts for MNOK 2,845 including charterer’s options, an increase of MNOK 1,675 since 1st of January 2013. With the recent contract the AHTS fleet has an estimated contract coverage including charterer options of 62% for 2014 and 57% for 2015.

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Press Release, October 28, 2013