Thursday, January 23, 2014
Viking: Offshore and Marine company, Viking, is focusing its efforts on building its portfolio of offshore and marine assets and developing a chartering business. They are optimistic about demand in the new business area as they expect many to be looking to upgrade old rigs. In the shorter term, group will be looking to acquire rigs that have already existing contracts that will help to bring in some steady, stable revenue to the company. The firm has plans to continue expanding overseas, with new orders from overseas markets secured in FY2013 up 58 per cent on-year. Its order book has more than doubled to S$85 million as at 31 December 2013 from S$42 million a year ago. Viking currently specialises in providing support services and equipment to the offshore and marine industry, after having completely divested its non-core retail and distribution businesses last year.