Kristian Siem’s Subsea 7 is staying quiet about rumours linking the company with an investment in Emas Chiyoda Subsea.

Market sources in Singapore told TradeWinds last night that Oslo-listed Subsea 7 is looking to take over a 25% stake in Emas Chiyoda Subsea currently held by Japanese giant NYK.

TradeWinds asked Subsea 7 whether it could confirm or categorically deny the speculation, or whether it otherwise has any general interest in Emas Chiyoda Subsea.

A