Siem delivers another quarter deficit in squeezed market

Siem Offshore AS has emerged from the third quarter with a deficit of USD 9.5 million after tax. This is a smaller deficit than the previous quarter, which showed a loss of USD 45 million. However it's a decline compared with the third quarter of last year, where Siem showed a profit after tax of USD 25.3 million.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Norwegian carrier idles two offshore vessels
For subscribers
Statoil may slash 2000 jobs in Norway
For subscribers
Nordea: Offshore can go from bad to worse in 2016
For subscribers