Norwegian OSV operator Siem Offshore has entered into an agreement to sell three of its platform supply vessels, the 2005-built Siem Sasha, 2006-built Siem Louisa and Sophie Siem.
The vessels will be delivered to the new owner before the end of March.
Siem said the sale will result in a positive cash effect of $10m for the company, and following the sale its fleet will downsize to 20 vessels.