Siem Offshore says it has cancelled a contract with Remontowa Shipbuilding for one of a series of four platform supply vessels ordered at the yard in 2013.
The vessel is the last in the series and was cancelled by Siem due to a delay in delivery. Last month the company cancelled the third vessel in the series for the same reason.
Siem says it is covered with a refund guarantee from an international bank for all pre-delivery installments.
