Search results for: Siem Shipping

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  • 24 August 2016
    Business & Finance

    After it passed a delisting resolution at the beginning of May 2016, the Oslo-listed shipping firm Siem Shipping today submitted an application to the Oslo Stock Exchange to delist the company from Oslo Børs. Siem Shipping said that increased competition from the container companies “has impacted the traditional specialised reefer markets” and that it is the last remaining publicly-listed reefer […]

  • 19 January 2016
    Business & Finance

    Oslo-listed Siem Shipping Inc informed that it has reached an agreement with an undisclosed Japanese owner to time-charter two new reefer vessels for minimum 5 years. The vessels will be built at the Shikoku Dockyard in Japan and will have a capacity of 650,000 cbft in their refrigerated holds, plus approximately 300 refrigerated containers on deck. The vessels are scheduled to […]

  • 9 August 2013
    Business & Finance

    Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD 2.0 million. The transaction will have no profit or loss impact in Q3 2013. The terms of the sale are that the vessel must be recycled according to ISO-standards. The transaction was part of the […]

  • 24 March 2014
    Business & Finance

    Siem Shipping has agreed to enter into a contract with Chiquita (Great White Fleet) to charter out four STAR-Class vessels. The charters are for a 4.5-year fixed period at a profitable rate. The vessels will be delivered to Chiquita in June 2014. Siem Shipping Inc., operating in the specialised reefer industry as STAR Reefers, is […]

  • 17 June 2015
    Business & Finance

    Oslo-listed Siem Shipping Inc. said in a filing to the stock exchange that the sale of its veteran reefer named Honduras Star has been cancelled. The company announced the sale of the Liberia-flagged cargo ship on April 2nd, 2015. However, as indicated in the filing, the buyer did not pay the agreed amount in the […]

  • 13 May 2015
    Business & Finance

    Oslo-listed Siem Shipping Inc has placed an order for two car carriers with Croatian shipbuilder Uljanik. Under the deal, Uljanik will build two 7000 ceu pure car and truck carriers (PCTCs) intended for delivery in the second half of 2017. The price is in the process of being finalised, but will be in the region […]

  • 26 May 2016
    Business & Finance

    Oslo-listed Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. As disclosed, the contract extension for the service covers seven reefer vessels. The company did not, however, disclose any further details on the value of the contracts or expected start date. Siem Shipping recorded […]

  • 18 March 2019
    Business & Finance

    Flensburger-Schiffbau-Gesellschaft delivered an 11,900 dwt RoRo vessel to Siem Shipping. 

  • 27 March 2020
    Business & Finance

    FSG has delivered another 32,336 GT roll-on/roll-off (RoRo) ferry to Siem Europe. 

  • 4 September 2018
    Business & Finance

    Siem Group cancells contracts with Croatian cash-strapped shipbuilder Uljanik for four PCTCs.

  • 8 August 2013

    Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD2.0 million. The transaction will have no profit or loss impact in Q3 2013. The terms of the sale are that the vessel must be recycled according to ISO-standards. The transaction was part of the Company’s […]

  • 4 October 2018
    Business & Finance

    Algoma Central Corporation has revoked a shipbuilding contract for one bulk carrier with Uljanik.

  • 5 January 2017

    Norwegian offshore vessel owner Farstad Shipping will have to look elsewhere to find a solution for its debt problems after its rescue deal with Siem came to naught.  Farstad Shipping has for a period of time negotiated with its key creditors to obtain a financial restructuring of the Farstad Shipping group supported by Siem Oil Service Invest, […]

  • 4 November 2016
    Business & Finance

    Norwegian shipowner Farstad Shipping and a company in the Siem Industries group (Siem) have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. To remind, Farstad and a majority of its secured lenders have entered into a standstill […]

  • 5 June 2014

    Norwegian Offshore ship supplier Siem Offshore is selling its platform supply vessel “Siem Sailor”

  • 29 November 2017

    Norwegian shipping company Siem Offshore has ended negotiations to sell its cable lay business at the same time revealing the identity of the interested party. The shipping company revealed it was in negotiations with an unnamed potential buyer for its cable lay business Siem Offshore Contractors GmbH earlier in November. However, these talks have now been terminated, […]

  • 2 February 2016

    Siem Offshore, a Norwegian shipping company, has terminated a charter agreement for its multi-purpose field & ROV support vessel (MRSV) Siem Marlin.  According to the shipping company, the charter party between Siem Offshore and Marine Engineering Diving Services (MEDS) dated May 13, 2015 has been terminated due to non-fulfillment of charterers’ obligations. Siem Marlin, built in […]

  • 2 December 2016
    Vessels

    Norway’s Siem Offshore has taken the delivery of a newbuild LNG-powered platform supply vessel to be deployed in Australia where it will service LNG player Woodside. According to Woodside, this will be Australia’s first LNG-powered marine support vessel. The PSV Siem Thiima, previously named Siem Harmony, was delivered from Remontowa Shipbuilding in Gdansk, Poland on November 24, Siem Offshore said in a statement. […]

  • 21 April 2017
    Business & Finance

    Shipping company Siem Offshore has been awarded charter contracts for eight vessels for work across four continents. Namely, Siem said on Friday that it found work for four anchor handling tug supply (AHTS) vessels, two platform suppliers (PSVs), and two offshore subsea construction vessels (OSCVs). The Siem Aquamarine and Siem Topaz AHTS vessels will support […]

  • 8 March 2019
    Business & Finance

    Norwegian  subsea shipping company Siem Offshore has been awarded a long-term contract for its Siem Spearfish vessel. 

  • 14 December 2016

    Shipping company Siem Offshore has canceled the order for a platform supply vessel (PSV) made in Poland due to delay in delivery of the vessel.  Siem ordered four PSV vessels from Remontowa Shipbuilding in Poland almost three years ago, at the end of December 2013. The order was for four dual fueled PSVs of a VS 4411 […]

  • 18 January 2017

    Shipping company Siem Offshore has canceled another order for a platform supply vessel (PSV) made in Poland.  The company ordered four dual fueled PSVs of VS 4411 DF design from Poland’s Remontowa Shipbuilding over three years ago, in December 2013. This type of platform supplier has an overall length of 89 meters, a beam of 19 meters, a […]