Kistefos gradually increased its ownership in Viking Barge DA and gained essentially full ownership from 2003. A fleet of eight large North Sea barges, each of approximately 10,000 DWT, was delivered from the yard in the period 1995-1999.
The fleet, constituting of seven barges from mid-2004, operated in the offshore markets for construction, windmill projects and decommissioning.
Late 2012, the fleet was sold to Ugland Shipping AS, yielding a strong return on investment for Kistefos.
Key facts
Exit
2012