Kristian Siem teams up with equity fund for offshore acquisitions

Alongside equity fund Elliot, Norwegian shipping magnate Kristian Siem plans to utilize the weak market through acquisitions. Everything is on the table, Kristian Siem tels ShippingWatch.

Photo: MPA

Through the recently established fund Siem Oil Service Invest Ltd, Norwegian shipping magnate Kristian Siem and New York-based equity fund Elliot Capital Management plan to target acquisitions in Norwegian offshore.

"The goal of the fund is to utilize the low values and we can do that by purchasing debt, shares, companies, or vessels," Kristian Siem tells ShippingWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Oil shipping states get loophole in EU's new Russia sanctions

In a new sanctions package against Russia, the EU cracks down on exporting the warring nation’s crude to third countries – despite protest from countries like Greece and Malta. Although several states are given leeway in new sanction demands the EU Commission otherwise considers ”water-tight”.

Further reading

Related articles

Latest news

See all jobs