Siem Offshore takes remaining stake in Siem Meling Offshore

Siem Offshore takes remaining stake in Siem Meling Offshore

Norwegian offshore operator Siem Offshore has announced a plan to acquire the 49% ownership in Siem Meling Offshore DA (SMODA) from its joint venture partner O.H. Meling.

Upon completion of the deal, Siem Offshore will own 100% of SMODA.

As part of the transaction, the platform supply vessel Siddis Mariner has been sold by SMODA to a company owned by O.H. Meling.

SMODA will continue to own the 2010-built platform supply vessel Siem Pilot, which will start a four year contract offshore Canada in July this year.

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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