Siem to take full ownership in PSV-owning unit
Offshore and subsea shipping company Siem Offshore will buy 49% ownership in Siem Meling Offshore DA (SMODA) from the shipowner O.H. Meling.
Following the acquisition, Siem Offshore will own 100% of the company SMODA.
As part of the transaction, the 2011-built MPSV vessel Siddis Mariner is sold from SMODA to a company owned by O.H. Meling with effect and delivery May 31, 2017.
SMODA will continue its ownership in the 2010-built PSV Siem Pilot which will start a four-year firm contract for an unnamed customer offshore Canada during July 2017.
According to data on O.H. Meling’s website, SMODA also owns the 2007-built platform supplier Siddis Sailor.
Offshore Energy Today Staff