Siem secures 1,220 days of employment

Oslo-listed company strikes eight new deals that will see part of its fleet mobilised worldwide.

Siem Offshore has announced a series of contracts that will provide the company with more than 1,200 days of employment.

The new deals for the Oslo-listed company will see some of its anchor-handlers, platform supply vessels (PSVs) and offshore support construction vessels (OSCVs) mobilised worldwide.

BHP Billiton has fixed the 27,464-bhp anchor-handlers Siem Aquamarine and Siem Topaz (both built 2010) to support drilling operations for 240 days.

According to Clarksons, the Siem Aquamarine was inactive as of today.

Gazprom has hired the 27,464-bhp Siem Garnet and Siem Sapphire (both built 2010) for 440 days firm.

The two vessels will be deployed by the Russian oil major on the Sakhalin project.

Siem’s 3,570-dwt PSVs Siem Louisa (built 2006) and Siem Sasha (built 2005) have won a 290-day contract off west Africa.

The 93-loa Siem Marlin (built 2009) has started a 150-day charter in South America while the 120-loa Siem Spearfish (built 2014) will work in the Black Sea for 100 days.

Siem said: “The above multiple charter contracts are in line with Siem strategy of strengthening its global operational footprint.”

As TradeWinds reported yesterday, Siem Offshore saw sister company Siem Industries buy NOK 297m ($34.64m) of its bonds as the company booked an extra $60m loss from currency hedging in Brazil.


Further comment has been sought from Siem Offshore.