Norwegian banana carrier will de-list in Oslo

Siem Shipping, which operates its 30 refrigerated container vessels via Star Reefers, is just like other specialized operators impacted by rough competition from the major container carriers.

Photo: Amy Sancetta/AP/POLFOTO/arkiv

Siem Shipping, listed on the Oslo Stock Exchange, which operates under the name of Star Feeders and specializes in the transport of reefer containers, achieved a net result of USD 6.4 million in the first half of 2016, up from USD 5.3 million in the same period last year. The operating result (EBITDA) constituted USD 16.3 million compared to USD 15.4 million in the first half of 2015.

This is evident in the second quarter interim report from Siem Shipping released Monday, in which the company also informs that an application is underway to de-list from the Oslo Stock Exchange due to modest trade in the carrier's stock.

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