Charter Season for ‘Tor Viking’ Cancelled

Viking Supply Ships’ AHTS icebreaker the ‘Tor Viking’ was chartered by a major oil company for the drilling seasons 2014 and 2015. The season 2014 has now been cancelled by the charterer.

According to the contract Viking Supply Ships will be paid a cancellation fee.

The duration of each season is approximately 7 months, including mobilization and demobilization with commencement around May 1st each year.

Since there are chartering options for 2016 and 2017, the contract, worth approximately USD 36.5 million, is still valid for the remainder of its periods.

Transatlantic, April 4, 2014; Image: Vikingsupply