Siem Shipping pushes ahead with Oslo delisting

Siem Shipping pushes ahead with Oslo delisting

Siem Shipping is pushing ahead with its delisting, first mooted in May. Today it applied to the Oslo Stock Exchange to be delisted from Oslo Børs.

“Increased competition from the container companies has impacted the traditional specialised reefer markets and the company is the last remaining publicly-listed reefer company,” Siem Shipping said in a release.

During 2015, less than 20,000 shares in the company have been traded, equivalent to about 75 shares per day on approximately 260 trading days during the year.

“This trend has continued in 2016 and the company no longer considers it to be in its, or its shareholders’, best interest to continue as a listed entity,” Siem Shipping concluded.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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