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    Siem Offshore acquires large PSV

    Vessel & ROV News // February 25, 2011

    Siem Offshore has announced that it has agreed to acquire a large PSV of VS 485 design.

    The vessel will be acquired through the 51 per cent owned subsidiary of the company Siem Meling Offshore DA at a price of NKr 345 million.

    The vessel will be partly financed by a debt facility of NKr 262 million, and will commence a 1 + 1 year charter for Statoil on delivery from the yard in mid-March 2011.

    The vessel is a sister vessel to Siem Pilot, which is also owned by Siem Meling Offshore DA.

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