Siem Offshore calls off PSV order in Poland

Shipping company Siem Offshore has canceled the order for a platform supply vessel (PSV) made in Poland due to delay in delivery of the vessel. 

Siem ordered four PSV vessels from Remontowa Shipbuilding in Poland almost three years ago, at the end of December 2013. The order was for four dual fueled PSVs of a VS 4411 DF design.

This type of platform supplier has an overall length of 89 meters, a beam of 19 meters, a deck area of 970 m2 and 5,500 dwt.

Siem Offshore said on Wednesday it has cancelled the shipbuilding contract for the PSV number three in the series due to delay in the delivery.

The shipping company added it is covered with Refund Guarantees from an international bank for all pre-delivery installments made under the contract.

Remontowa already delivered one PSV, the Siem Pride, in November 2015. The other three vessels, Siem Harmony, Siem Melody, and Siem Rhapsody, were all set for delivery in 2016.

Siem said at the end of October, in its 3Q 2016 report, it had secured long-term employment for one of the dual-fueled PSVs.

Offshore Energy Today Staff

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