Siem Offshore boosts operating result in Q3

Norwegian offshore carrier Siem Offshore can look back on a third quarter with an improved operating result, but the company sees a continued need to idle vessels in the weak offshore market.

by DANIEL LOGAN

Siem Offshore, controlled by major Norwegian investor Kristian Siem, closed the third quarter 2016 with an improved operating result and a smaller deficit compared to last year in the historically low market for supply vessels servicing the offshore sector.

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