The owner, which has now closed its Aberdeen office and shifted operations to Denmark, recorded an improved profit but a softer operating performance for the period.
“VSS expects the offshore market in general to remain challenging during 2016 and into 2017,” it said.
“Especially the PSV segment is characterized by oversupply, and fleet reduction is required to regain a healthy market balance.
“The rig activity in the North Sea is assumed to decrease through the remainder of 2015, which is expected to cause weak market conditions for both the AHTS and PSV spot fleet.”
Christen Sveaas-backed Viking recorded an operating profit of NOK 43m ($5m) for the quarter, down from NOK 69m 12 months ago due to lower revenue in a weaker market.
Its anchor handling division turned in a profit but its platform supply vessel arm was loss-making on an operating level, the report said.
With net financials working in its favour this year, net profit rose from NOK 38m to NOK 47m.
