VIKING SUPPLY SHIPS

Viking Supply Ships A/S is a subsidiary of Viking Supply Ships AB, a Gothenburg based holding company listed on Nasdaq OMX Nordic Exchange in Stockholm.

Viking Supply Ships’ core business is within the Offshore and Offshore/Icebreaking segment on a global basis, with focus on Arctic and harsh/icy environments. Viking Supply Ships has extensive offshore experience that dates back to the company’s inception in 1974.

The fleet comprises of 3 AHTS/Icebreakers, 4 Ice classed AHTS along with one conventional AHTS in addition to five modern PSV vessels.

Viking Supply Ships’ main office is in Copenhagen, with local offices in Kristiansand, Stenungsund, Moscow and Sakhalin. The Kristiansand office is mainly a marketing and chartering office, close connected to Norwegian business partners. The office in Moscow is marketing the company’s services in the Russian market.

Viking Supply Ships’ substantial expertise in operating in ice and harsh weather conditions will be important as oil and gas exploration in Arctic waters gain traction. The increasing activity in these areas will create opportunities for multi-year contracts with oil companies and thus balance volatile earnings from the North Sea spot market. In addition to a modern fleet suited to operations in the ice, Viking Supply Ships possesses leading expertise in this area. On average, the officers on board our AHTS vessels have over 10 years’ experience in ice breaking and offshore operations. The focus on competence on ice and extreme weather conditions has proven to be successful – Viking Supply Ships has conducted operations in Arctic waters for customers like Shell, ENI Norge, Cairn Energy and Statoil.

For further information on Viking Supply Ships, please visit www.vikingsupply.com