Viking Supply Ships has successfully completed a rights issue that is expected to keep the company afloat for the next few years.

A little more than 78% of the offered shares were sold during the tender, while the remaining shares will be assigned to main shareholder Kistefos.

Viking said it will receive around SEK 207m ($22.1m) from the rights issue, which will result in an increase of the company’s share capital from SEK 177.4m