Cancellation of shipbuilding contract

With reference to the notice to Oslo Stock Exchange dated 30.12.2013 where Siem Offshore notified entry into shipbuilding-contracts with Remontowa Shipbuilding S.A. in Poland for four (4) dual fuelled Platform Supply Vessels
("PSVs") of VS 4411 DF design. Siem Offshore has today cancelled PSV no. 4 in the series due to delay in the delivery.

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


Published 18-01-2017 in the Investor category