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    Siem Consub orders large PSVs

    Vessel & ROV News // December 17, 2009

    Siem Offshore has confirmed that it has ordered two large-size PSVs at STX Europe Brazil through its Brazilian subsidiary Siem Consub SA.

    The design is PSV 09 CD STX Norway. Deliveries are slated for the second quarter of 2012 and second quarter of 2013.

    The average vessel cost is approximately equivalent to US$80 million, of which 20 per cent is to be paid prior to delivery of the vessels.
    The vessels will be debt-financed at a leverage of 90 per cent under the Brazilian Marine Merchant Fund programme with a term of 20 years at a competitive fixed interest rate.


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