Siem orders another PSV

Siem Offshore Inc in Norway has, through its 51% owned subsidiary Siem Meling Offshore DA, entered into an agreement to acquire a shipbuilding contract for a large-size PSV vessel. The contract price is approximately $57 million and the vessel is scheduled for delivery in first quarter 2009 from Eidsvik yard in Norway.

The vessel is of Vik-Sandvik VS 485 design and will have an accommodation for 64 persons, full under deck PSV capacities, a deck area in excess of 1000 m2, diesel electric propulsion, clean design and focus on fuel consumption and low emissions. The vessel will also be prepared for a large offshore crane, stand by services, oil recovery and fire fighting.