Viking Grows For Seventh Straight Year

Tuesday, March 22, 2011

In 2010, VIKING Life-Saving Equipment, global manufacturer of safety equipment for the maritime, offshore and fire industries, once again generated growth in both its top and bottom lines.  Despite difficult market conditions, VIKING Life-Saving Equipment secured a slice of the emerging  upturn of the world market in 2010: the Group succeeded in achieving a record turnover of well over DKK 1,250 million, representing a growth of approximately 11% on 2009.

Last year's strategic focus areas – to increase the product range and expand the service solutions – thus had the intended effect, and an operating profit of DKK 97.6 million (a 6% increase on the previous year) was successfully achieved.  In addition, the opening of new service stations and a significantly expanded production led to an increase in employees from 1,237 in 2009 to approximately 1,500 in December 2010.

Broader product and service range

"The market increasingly demands service and support standards, and we have met that need.  Our primary initiative, the Shipowner Agreements, is the widest and yet the most flexible service agreement available within marine safety equipment," says VIKING CEO Henrik Uhd Christensen.

"Our customers have welcomed the opportunity to customize their agreement both for product types and for geography with great enthusiasm," said Christensen.  "Once the agreement is signed, the customer is provided with a reliable operational concept which puts a minimum pressure on the shipyard's resources, allowing it to focus on its core business without compromising on staff security or the shipyard's operating costs."

Global growth – also as an employer

In the autumn of 2010, VIKING acquired the former competitor HYGRAPHA Safety at Sea GmbH & Co., one of the world's leading independent wholesalers in marine safety equipment.  The integration has been very successful: HYGRAPHA continues under its own name but grants VIKING access to an expanded network and expertise, taking the Group a step closer to realizing its vision of becoming a one-stop shop for marine safety equipment.

VIKING's ambition for 2011 is to continue to increase its product range, its innovation in services and its local presence worldwide.  The organization is expected to increase even further in the year ahead, with the largest growth seen outside Denmark.

Founded in 1960 and born global, VIKING is a privately held market leader in maritime safety with group headquarters in Denmark.  The company provides essential safety and fire-fighting equipment to the following segments: passenger, cargo, offshore, defense, fishing, yachting and fire.  Products are manufactured at facilities in Denmark, Norway, USA and Thailand and include chute and slide-based marine and offshore evacuation and embarkation systems, liferafts, lifejackets, immersion suits, fire suits, work suits, pilot suits, transportation suits, man overboard (MOB) boats, davits and other life-saving appliances.
 

Source: Viking

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

Marine Equipment

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Apply Now for the MN 100

The August 2015 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

MMT Presents Surveyor Interceptor ROV (SROV)

At Ocean Business in Southampton  MMT´s key topic was the new Surveyor Interceptor ROV (SROV). Together with its Norwegian partners Reach Subsea AS, MMT developed a new generation,

Maritime Safety

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1313 sec (8 req/sec)