Siem Sailor sails away

Norway’s OH Meling has snapped up a platform supply ship (PSV) previously owned by its joint venture with compatriot Siem Offshore.

Siem said it had sold the 2007-built Siem Sailor (4,800 dwt) to Meling for NOK 295m ($49.21m).

It was owned by Siem Meling Offshore, in which Siem had 51% and Meling 49%.

Delivery is set for July 2014.

TRENDING TODAY

  1. TW+ Roundtable: The offshore crisis

    With another harsh year underway in the offshore sector, TW+ gathers six experts in Oslo to discuss the challenges ahead for owners in an industry marred by illiquidity and insolvency, and whether today’s restructurings are sustainable. Story: Darrin Griggs. Photography: Skjalg Bohmer Vold

  2. Lorenz Weinstabl: Motorcycle medic

    Instead of fixing sick people at a big hospital, the Atlantis Tankers chief executive restores vintage motorbikes in his garden

  3. High and dry: how shipping recession has affected abandonments

    Nick Roumpis and Michael Angell investigate how the downturn has affected the incidence and impact of seafarer abandonment, and find that a handful of owners and operators are still bringing the industry into disrepute