The third quarter of 2023 started out with a strong market within the AHTS sector. The activity levels in the North Sea, both on Norwegian and UK side combined with the availability of vessels led to fixtures rates on levels we have not seen for many years. The strong market lasted until end of July when the market softened rather quickly due to increased supply of tonnage as vessels came back to the spot market after completing project work.
THIRD QUARTER
- Total revenue was MSEK 189 (79)
- EBITDA was MSEK 66 (0)
- Result after tax was MSEK 30 (-18)
- Result after tax per share was SEK 2.3 (-2.0)
YEAR-TO-DATE
- Total revenue was MSEK 494 (226)
- EBITDA was MSEK 138 (-38)
- Result after tax was MSEK 63 (-91)
- Result after tax per share was SEK 4.9 (-9.8)
SUMMARY OF EVENTS IN Q3
- EBITDA for Q3 was MSEK 66 (0).
- For the AHTS-fleet the average fixture rate in Q3 was USD 104,900 (38,400) and the average utilization was 40% (62). The average fixture rates for the PSV-vessels in Q3 was USD 17,300 (14,700), and the average utilization was 96% (96).
- The board of Viking Supply Ships AB has resolved to initiate a process to have the Company's shares listed on Nasdaq First North Growth Market and delisted from Nasdaq OMX Stockholm Small Cap, which is expected to be carried out during Q4 2022.
SUBSEQUENT EVENTS
- Viking Supply Ships has in November 2022 entered into a secured credit facility agreement of MUSD 40 available for ordinary course of business and potential investment opportunities.