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Kristian Siem loses ownership control of Siem Offshore

Siem Offshore has now its settled comprehensive and much-awaited rescue plan. The plan means that the large investor Kristian Siem loses ownership control of the hard-strained offshore ship operator.

Photo: PR / Siem

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One third of Lim family ships have new owners

Around one third of the ships controlled by Hin Leong founder O.K. Lim and his family have new owners, Reuters reports. The rest of the ships are expected to be sold by the end of the year.

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