Siem Offshore Secures OSCV Charter (Norway)

Siem Offshore has entered into a charter agreement for one of its Offshore Subsea Construction Vessels (OSCV).

The agreement is with an international subsea contractor, it’s made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in third quarter 2013.

The value of the contract was not disclosed.

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December 5, 2012