Siem Offshore sells two OSCVs

Siem Offshore and Daya Materials Bhd. entered into an agreement in August 2014 for the sale of the two 2013-built Offshore Subsea Construction Vessels ''Siem Daya 1'' and ''Siem Daya 2'' at a total price of USD 282 million, as described in the notice of 22 August 2014, the company said in its press release.
 
Daya has paid a deposit of USD 1.4 million in aggregate on the vessels, and has been given until mid-April to arrange for financing and pay the remainder of the deposit on the two vessels. The deposit will equate to 10% of the purchase price. The subsequent delivery of the vessels shall thereafter take place latest by mid-July 2015. Both vessels are on long-term charters to Daya and the charter agreements will continue until deliveries are concluded.