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2008 January 22   06:37

Siem Offshore Inc acquires PSV shipbuilding contract

Norwegian offshore vessels operator Siem Offshore Inc said on Monday (21 January) that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m.
The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009.
Siem Offshore is headquartered in Kristiansand in Norway. The company has 350 employees and operates platform supply vessels and other vessels for the oil service industry, mainly in Brazil. Siem Offshore is listed on the Oslo Stock Exchange and traded under the ticker SIOFF.
One British pound (GBP) is worth approximately 10.69 Norwegian kroner (NOK).

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