Brage Viking Awarded $100 Million Charter Contract

CAT-powered AHTS Brage Viking owned by Viking Supply Ships, powered by 4 MaK engines of over 19k horsepower. Image courtesy Caterpillar

Viking Supply Ships’ heavy duty ice-class AHTS Brage Viking has won a major charter contract today which will keep it employed for at least the next 2 years and 8 months with an undisclosed oil major.  The charter contract, according to the vessel owner, is valued at around USD $100 million and includes options to extend the charter for an additional 18 months.

Christian Berg, CEO of Viking Supply Ships says in a phone call the vessel will have “technical upgrades” made to it prior to the commencement of the contract which will cost in the range of USD $5 to $7 million and require a 4 week yard period.  He could not go into specific detail what those technical upgrades entailed however.

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