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Siem Offshore sells ships to pay debt

The offshore carrier has sold two ships for a combined value of USD 282 million, says the carrier on Friday.

Photo: Siem Offshore

Offshore carrier Siem Offshore has sold two ships built in 2013 - Offshore Subsea Construction Vessels, OSCVs - to Daya Materials. The transaction is worth a combined USD 282 million and Daya has been given 150 days to secure financing for the vessels, which are planned for delivery by mid-April next year at the latest, says Siem Offshore in a corporate statement on Friday.

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