Siem Offshore sells platform supply vessel and delays four newbuildings

Siem Offshore sells platform supply vessel and delays four newbuildings

Athens: Siem Offshore has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland, and has sold an existing vessel.

The PSV newbuildings are under construction at Poland’s Remontowa yard and will now be delivered in 2016.

All other vessels have long-term contracts in place and delivery remains on schedule, Idar Hillersøy, CEO of Siem Offshore, told Norwegian press.

The Oslo-listed company has today reported the sale of its PSV Siem Sasha (3,555 dwt, built 2015), which has been sold “at market terms”, an exchange filing said.

In December 2014, the vessel completed a one-year timecharter to Marine Platforms Limited in offshore Nigeria, but the company chose not to exercise its one-year extension option.

This is Siem’s second vessel sale in the space of a month. In late April, the company sold its DP2 offshore subsea construction vessel Daya 1 to Malaysia’s Daya Materials for $120m.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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