Siem, Daya Enter Charter Agreement for Offshore Subsea Construction Vessel

Siem Offshore has entered into a charter agreement with Daya OCI LTD for one additional Offshore Subsea Construction Vessels (“OSCV”).

The agreement is made at market terms and is for a firm period of five years with two yearly options.

The charter shall commence in fourth quarter 2013.

Press Release, September 04, 2013