04/05/2018at 12:04

Siem Offshore expects continued weak North Sea market this year

A major impairment pulled the Norwegian offshore company's bottom line deeper into the red, and 2018 is expected to remain weak despite a surge in activity over the summer.

by DANIEL LOGAN

Siem Offshore, controlled by Norwegian shipping investor Kristian Siem, finished the first quarter of the year with a lower revenue and significantly bigger deficit on the bottom line.

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Kristian Siem rejects financial crisis at his offshore carrier
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Siem Offshore turns to banks for help
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