Siem Offshore Enters OSCV Charter Agreement

Siem Offshore has entered into a charter agreement with Daya OCI LTD for one additional Offshore Subsea Construction Vessels (“OSCV”).

The agreement is made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in the fourth quarter 2013.

The OSCV/MRSVs are designed to meet the general offshore subsea market.

The vessels are specially designed for ROV & crane operations for seabed duties through moonpool or along ship sides. The vessels are equipped with efficient azimuth thrusters and a dynamic positioning system for safe and economic world wide service.

 

Press Release, September 04, 2013

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