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Siem delivers another quarter deficit in squeezed market

Siem Offshore records another loss in a tough market and expects to see further ships laid up in the future. This quarter, the loss amounts to USD 9.5 million.

Photo: Siem Offshore

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.

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