Siem Shipping diversifies with twin PCTC order

Siem Shipping diversifies with twin PCTC order

Oslo: Siem Shipping, formerly Star Reefers, has lived up to its name change and moved into the PCTC segment with an order for two 7,000 ceu pure car and truck carriers (PCTCs) at Uljanik in Croatia.

Delivery of the two vessels, which will cost in the region of $55m, is scheduled for the second half of 2017.

The two newbuilds will be chartered to sister company Siem Car Carriers for a period of five years. Both are part of Siem Industies, which is controlled by Kristian Siem and his family.

Last month, Siem Shipping added two specialised reefer vessels, both of which were on time charter from Shikoku Dockyard, the Star First and Star Prima.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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