Siem Offshore booked a deficit in the first quarter of the year following a tough market for the company's fleet of PSVs and AHTS' in the North Sea, and the carrier was also forced to idle a vessel. Four Petrobras contracts were canceled in the quarter.
BY LOUISE VOGDRUP-SCHMIDT
The North Sea offshore market is in dire straits, and this fact is directly reflected in the first quarter result from Siem Offshore.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.