Siem Offshore impairs fleet by USD 250 million

Offshore ship operator Siem Offshore now publishes another large deficit and books a significant impairment on its fleet. The shipping company predicts a winter that will be tougher than in recent years.

Photo: PR / Siem Offshore

Strained offshore shipping company Siem Offshore continues to plunge further into the red, landing in a USD 275.2 million deficit for the most recent quarter.

In the second quarter last year, the deficit came to USD 15.9 million.

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