Siem has contract coverage for much of its PSV fleet but only one of its 10 anchor handlers had a long-term charter at the time of its fourth quarter report.
Owners have been pulling vessels from the market following a crash in the price of oil and top spot broker Westshore said this week further lay-ups are likely.
Siem chief executive Terje Sorensen told TradeWinds: “We have not been considering lay-ups yet as we have found it better to operate in the weak market.”
Oslo-listed
