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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Wärtsilä Integrated Solutions for Maersk's AHTS Vessels

A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S - part of the A.

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Marine Equipment

ESSA's Fleet Upgradation Environmental Driven

State-controlled Exportadora de Sal SA de CV of Mexico ("ESSA"), one of the world’s largest salt exporters with a 10-million-ton annual production, has strengthened

MSC Magnifica Completes Drydocking at Damen Shiprepair

After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for

DNV GL “Modification Excellence Award” for Schiffahrt

Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards

Maritime Safety

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

High Seas Becoming Less Secure

Despite the significant reduction in piracy attacks over the last few years it is now widely accepted by the maritime community that the safety of the High Seas

USCG Suspend Search for Crabber Near Anacortes, Wash.

The Coast Guard has suspended the search for a crabber reported overdue near Anacortes, Wednesday. Dean Harvey, 48, of Bremerton, remains missing. Search

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1491 sec (7 req/sec)