Siem Offshore lines up multi-year gig for 2016-built oil spill response vessel in Brazilian waters

Siem Offshore do Brasil, a subsidiary of Norway’s shipping player Siem Offshore, has won a four-year assignment in Brazil with an undisclosed company for one of its oil spill recovery vessels (OSRV).

The new contract award for the OSRV Siem Marataizes is slated to begin in the second quarter of 2024. This vessel has been designed and equipped to fight and contain offshore oil spills to reduce environmental damage.

With an LOA of 56.8 m, a breadth of 14 m, and a draught of 4.8 m, the 2016-built OSRV Siem Marataizes is of Ulstein P801 design and comes with a DWT of 1,300 t.

The boost in charter rates enabled Siem Offshore to secure operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for 4Q 2023, compared to $64.3 million during the same period in 2022.

The Norwegian vessel owner recently won more work for several vessels, including a contract extension for the 2009-built diesel-electric driven multipurpose support vessel (MPSV).