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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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