Press release

Viking Supply Ships AB (publ) Interim report Q4 2023

The AHTS-market was volatile during the fourth quarter of 2023. Less project work internationally and more available vessels in the North Sea spot market led to low utilization and spot rates. Delays and cancellations of jobs in the North Sea because of poor weather conditions also contributed to a soft market, especially in the latter part of the quarter.


  • Total revenue was MSEK 133 (83)
  • EBITDA was MSEK -44 (-39)
  • Result after tax was MSEK -86 (-55)
  • Result after tax per share was SEK -6.6 (-4.2)


  • Total revenue was MSEK 607 (577)
  • EBITDA was MSEK 37 (99)
  • Result after tax was MSEK -88 (8)
  • Result after tax per share was SEK -6.8 (0.6)


  • EBITDA for Q4 was MSEK -44 (-39).
  • The average fixture rates in Q4 for the AHTS-fleet was USD 44,600 (19,300) and the average utilization was 33% (43). The average fixture rate for the PSV-vessels was USD 21,500 (15,500) and the average utilization was 81% (98).
  • In the beginning of November the AHTS-vessels Andreas Viking (formerly Far Senator) and Odin Viking (formerly Normand Statesman) were delivered.
  • In the beginning of October, a contract was signed for the AHTS vessel 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.


  • As part of an agreement with SMA, Viking Supply Ships has been called upon for escort and icebreaking services in northern Baltic Sea. The contract is signed for 40 days, with the option to extend by up to 20 days and started in mid-January 2024.
  • Viking Supply Ships has terminated the management agreement on the partly owned PSV-vessels and executed a put option in the shares in the company owning the vessels. The put option is regulated in the shareholders agreement with a company managed by Borealis Maritime, and the shares will be sold based on the market price of the two PSV’s to be decided by two designated independent shipbrokers. The transaction, which is expected to close in the first quarter of 2024, is expected to bring a capital gain of approximately MUSD 9 and a cash release of approximately MUSD 18.

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