Siem Offshore extends the current charter period for the seismic node vessel "Hugin Explorer"

Siem Offshore has agreed to extend the current charter period for the seismic node vessel "Hugin Explorer" with 15 months taking the firm period of the charter up to 1st July 2019, the company said in its press release.

The parties have further agreed to a purchase obligation for the charterer at the end of the firm period. Both parties are pleased with this mutual beneficial arrangement.