ShippingWatch

Siem Offshore expects increasing demand through the rest of 2021

Norwegian offshore carrier Siem Offshore sees progress in the revenue and bottom line in the first quarter. The company expects increasing demand in the coming quarters, although it is too early to predict a solid upturn.

Photo: PR / Siem Offshore

Siem Offshore exits the first months of the year with higher revenue and reduced deficits as well as a restructuring agreement that leaves the carrier well-positioned to handle increasing demand through the rest of 2021.

The Norwegian offshore carrier's net loss came out to USD 9.6 million, an increase from a deficit of USD 23.8 million in the first quarter last year, according to the report.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs