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Siem Offshore settles debt with Canadian lenders

Norwegian OSV operator Siem Offshore has announced that its wholly owned subsidiary Secunda Canada has entered into a settlement agreement with all three of its Canadian lenders.

Under the agreement, all debt owed to the lenders is eliminated by a 61% payment.

Secunda Canada currently owns a fleet of three OSVs including one PSV and two AHTS vessels.

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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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