Siem Offshore cancels PSV

Siem-Amethyst

Siem Offshore has cancelled PSV number three in a series of four due to construction delays.

Broking sources said the newbuilding price for the vessel was Euros 40 million with a 20/80 per cent payment structure. Hnce the refund would be around Euros 8 million.

The company has one more PSV under construction at the same yard.

[oilpubs]

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