Siem Offshore breaks off charter agreement for ‘Siem Marlin’

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 2009, was originally fixed for a firm charter period of 5 years with a purchase obligation at the end of the charter period.

Siem Offshore did not provide further details about the contract that was supposed to start in September 2015.

The shipping company noted it would pursue its rights to claim damages.

Siem Marlin is a 93,6 m long diesel electric driven vessel.

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