Siem Offshore announces sale of "Siddis Mariner" and increased ownership to 100% in Siem Offshore Meling

Siem Offshore and O.H. Meling have agreed that Siem Offshore will purchase the 49% ownership in Siem Meling Offshore DA (SMODA) held by O.H. Meling. Siem Offshore will after the acquisition own 100% of the Company SMODA. As part of the transaction, the vessel “Siddis Mariner” is sold from SMODA to a Company owned by O.H. Meling with effect and delivery 31 May 2017. SMODA will continue its ownership in the vessel “Siem Pilot which will commence a 4-year firm contract offshore Canada during July 2017.