Siem Offshore sells three PSVs

Siem Offshore sells three PSVs

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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