Viking Supply Ships has trimmed its net loss in the first quarter but market conditions remained poor.
The offshore vessel owner saw red ink of SEK 2m ($0.23m) from January to March, compared to SEK 40m a year ago.
Its anchor handlers won an average rate of $36,400, against $63,600 in the corresponding quarter of 2016.
Utilization for anchor handlers was 23% compared to 56% last year while Viking’s platform supply vessels (PSVs) remained idle during the quarter.
