Trump China Tariffs Set to Unleash Supply Shock on U.S. Economy
President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.
VSS’ platform supply vessel Freyja Viking, image: VSS
Swedish shipowner Viking Supply Ships (VSS) will be shutting down their Aberdeen office as of 1 July 2015, according to a statement by the company today.
Company management cites the current weak market within the offshore supply segment and a need to “remain competitive and reduce costs.”
“All administrative functions will be absorbed by the head office in Copenhagen. VSS will keep the existing crew composition on the vessels,” the company says.
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up