Viking Supply Ships Enters into Charter Contract for AHTS Icebreaker (Sweden)

Viking Supply Ships A/S (VSS) has entered into a time charter contract for one of its AHTS icebreaker vessels (Tor Viking or Balder Viking) with a major oil company.

The charter agreement applies to the 2014 and 2015 seasons in sub-Arctic waters with options for 2016 and 2017. The duration of each season will be approximately 7 months including mobilization and demobilization with commencement around May 1st each year.

The charter is for specialized ice management services in sub-Arctic operations. The total contract value for the firm period is approximately MUSD 36,5.

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The company has about 800 employees and the turnover in 2012 was MSEK 3,274. The Industrial Shipping business area consists of three divisions: Bulk, Container and RoRo.

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Viking Supply Ships, March 13, 2013