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    Siem Offshore to acquire O H Meling newbuilds

    Vessel & ROV News // May 30, 2006

    Siem Offshore Inc and O H Meling & Co AS (OHM) have entered into a Heads of Agreement whereby Siem will acquire from OHM a controlling interest in one vessel and two shipbuilding contracts.
    The parties have agreed that subject to certain conditions, the company will acquire a shipbuilding contract for a PSV of MT6000 design with a 70 tonne crane currently under construction at Kleven Maritime AS to be delivered at year end 2006.
    Further, the company will become a 51 per cent shareholder in a ship-owning company which will own a PSV of VS 470 Mk II design, built in 2004, and a shipbuilding contract for a PSV of VS 485 design, to be delivered from Karmsund Maritime Services AS in June 2007.

    The remaining 49 per cent of the company will be owned by OHM and affiliated parties.


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