Viking Supply Ships has reported a bigger loss in the fourth quarter, which saw the company’s platform supply vessel (PSV) fleet idle.
Its net deficit from October to December grew from SEK 123m ($13.8m) to SEK 145m.
With deteriorating daily rates and lower utilisation, Viking’s revenue was lowered from SEK 278m to SEK 75m year-on-year.
Viking recognised an impairment charge of SEK 46m in respect of its PSV fleet during the fourth quarter.
It
