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    Siem Offshore cancels PSV

    Vessel & ROV News // December 19, 2016

    Siem Offshore has cancelled PSV number three in a series of four due to construction delays.

    Broking sources said the newbuilding price for the vessel was Euros 40 million with a 20/80 per cent payment structure. Hnce the refund would be around Euros 8 million.

    The company has one more PSV under construction at the same yard.

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