Speculation has inevitably turned to consolidation in the offshore shipping sector after tycoon Kristian Siem’s stakes in rival operators were revealed.

The backer of Siem Offshore now has holdings in both Solstad Offshore and the restructured DOF Group.

Shipowners think PSV supply cut ‘overdone’ as ships converted back for oil and gas work
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Siem Investments is listed with a 0.87%