Siem News

Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas.The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms.The start of operations is scheduled for the first quarter of 2026.Sea1 Atlas is a 4,700 dwt, 87.9-meter-long STX PSV 4700 vessels built in 2013.The total firm contract backlog for Sea1 Offshore is now $743 million, and $599 million in options, the company said.

Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has established a new business platform within the offshore subsea construction market, having entered into a set of agreements for the acquisition of Siem Day offshore subsea construction vessel (OSCV).A newly formed subsidiary of EMGS will acquire the OSCV Siem Day from the seller Siem Day II, which is a wholly-owned subsidiary of Siem Offshore.The acquisition represents a strategic diversification for EMGS…

Sea1 Offshore, formerly Siem Offshore, has signed an agreement to sell the 2014-built offshore construction vessel (OSCV) Sea1 Spearfish to an independent third party.The sale is done on market terms and will result in a gain of approximately $40 million for Sea1 Offshore, the company said.The vessel is currently on a contract with PXGEO. The remaining firm contract period is reflected in the sale price.Existing debt of $39 million will be repaid following the transaction.The…

Sea1 Offshore, formerly Siem Offshore, has ordered two more offshore energy support vessels from Cosco Shipping.The vessels are based on a similar design as the first two vessels Sea1 Offshore ordered from the same shipyard in November 2024.The four vessels will have capabilities to serve both oil and gas and renewable markets.The scheduled delivery for the vessels is from third quarter 2027 to fourth quarter 2027.Based on ST-245 design, the vessels will be methanol ready with…

Houlder, a design and engineering consultancy, has entered into collaboration with Siem Shipping UK and the University of Southampton on the COMLink Design Tool project, which aims to improve predictions of wave resistance in early-stage ship design to deliver more efficient vessel operations. The Conceptual, Operational, Modelling Linked (COMLink) Design Tool project has been established to tackle the challenge of accurately predicting the added power needed for ships to operate effectively in waves.

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.Saipem7 will become a global organization of over 45,000 people, including more than 9…

Norwegian vessel management and operations services provider Aurora Offshore, pat of Borealis Group, has welcomed the first of three high-end subsea vessels to the fleet as part of vessels transfer agreed with Sea1 Offshore.The transferred ship, Siem Stingray, is a state-of-the-art subsea vessel built in 2014 and has a 250t AHC Crane, 1300 m2 Deck Area and Accommodation for 110 People.The change of management has been completed between the vessel’s work scope, which is on long term contract with Subsea7.Earlier in January, Aurora Offshore welcomed Siem Pearl and Siem Challenger to itsfleet.

Sea1 Offshore, formerly Siem Offshore, has entered into shipbuilding contracts with Cosco Shipping (Qidong) Offshore for two new offshore energy support vessels.Based on ST-245 design, the vessels will have capabilities to serve both oil and gas and renewable energy markets.The vessels will be equipped with some of the most fuel-efficient solutions in the market, according to Sea1 Offshore.Generators, battery packages and thruster configuration are fine-tuned and include the latest technology available.The vessels are methanol ready and the generators can run on 100% biofuel.

Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured a multi-well project for three anchor handling tug supply (AHTS) vessels in Australia.The contract begins in second to third quarter of 2025, for a firm period of around 380 days up to 670 days per vessel.No additional details have been revealed, but Sea1 Offshore said the vessels will be servicing a consortium of local operators with various drilling and decommissioning projects.One of the vessels will be from Viking Supply Ships, which entered into agreement with Sea1 Offshore in August 2024 to outsource the m

Sweden-based Viking Supply Ships on Tuesday announced plans to outsource the management of its six anchor handling tug supply (AHTS) vessels to Sea1 Offshore, based in Norway.The management agreements are scheduled to be completed in October 2024, subject to final documentation and required approvals, the company said.The six AHTS vessels include Magne Viking, Odin Viking, Loke Viking, Njord Viking, Brage Viking and Andreas Viking, all with ice class notations and built from 2011 through 2013.

Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured contract extension with marine geophysical services company PXGEO for its multi-purpose support vessel (MPSV) Siem Dorado.The current contract with PXGeo for Siem Dorado has been extended with another two years and four months of firm period in direct continuation, taking the vessel’s firm period up to April 2027.The previous contract extension secured the utilization of Siem Dorado MPSV for a period…

Siem Offshore has changed its name to Sea1 Offshore following an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm.Kristian Siem, longtime leader of Siem Offshore, stepped away earlier this year after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The name has been formally registered in the Cayman Islands Registrar of Companies and change officially took effect May 7, 2024.

BIO-UV Group has received an order from SIEM Ship Management to supply its BIO-SEA Ballast Water Treatment Systems for a trio of SIEM-managed car carriers. The order, for retrofit installation to the Siem Copernicus, Siem Curie and Siem Socrates, is the latest in a series of deliveries of BIO-SEA B-Series equipment for installation onboard around a dozen SIEM Ship Management reefer vessels since 2021.In this latest order, BIO-UV Group’s maritime division will provide B02 BIO-SEA BWTS units with a medium to high flow rate of 300-cu.m.

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company announced it has reached an "amicable agreement" to sell Siem Barracuda, Siem Stingray, Siem Opal, Siem Pearl, Siem Topaz, Siem Pilot, Siem Pride, Siem Symphony and Siem Thiima to Kristian Siem's Siem Sustainable Energy S.a r.l and related companies in exchange for 35% of the company’s shares.The other major shareholder is Christen Sveaas' Kistefos…

Norwegian shipowner Siem Offshore has secured new contracts with TotalEnergies for two of its platform supply vessels (PSV) for work offshore Brazil.The contracts are for Siem Giant and Siem Atlas PSVs.The new duration for Siem Giant is three years firm with options up to four more years.For Siem Atlas, the new duration is nine months firm with options until the end of the second quarter in 2027.Both vessels will start the contracts in June 2024 in direct continuation of present contracts…

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.The Siem Dorado is a 2009-built diesel electric-driven vessel.

Oslo-listed offshore vessel owner Siem Offshore has secured long-term contracts with Helix Energy Solutions for two of its Siem Helix well intervention vessels.The contracts, valued at a total of $682 million, follow the letter of intent the companies announced in November 2023.The new contracts for Siem Helix 1 and Siem Helix 2, effective from January 1, 2025, and January 1, 2026, respectively, replace existing agreements and ensure firm utilization for these key vessels until at least 2030.With a duration of 6 years for each vessel…

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel Siem Dorado.The contract extension secures utilization for a period reaching towards the end of Q2 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.Built in 2009, the Siem Dorado is a diesel electric-driven vessel. It is designed to meet the general offshore supply market with its 100-ton compensated offshore crane, designed for ROV and light construction duties.

The Norwegian offshore vessel Siem Offshore said Monday it had secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. The contract will start in direct continuation of the current contract, for a firm period reaching into Q4 2024. The vessel will continue to be employed within the offshore wind industry.Offshore Engineer reported back in March that Siem Offshore had secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc.

Norwegian offshore vessel operator Siem Offshore has secured a medium-term contract for two AHTS vessels.Siem Offshore said Tuesday that the contracts were for its 2010-built Siem Aquamarine and 2011-built Siem Amethyst AHTS vessels.The company did not say who the client was exactly, however, it did say that the vessels would work for "a major operator" in Australia.The contracts, of an undisclosed value, are expected to start in late 2023.According to the vessels' AIS, as found on MarineTraffic, the Siem Aquamarine left Singapore last Friday, and is en route to Dampier, Australia.The Siem Amethyst is currently in Malaysia.

Ampelmann, a Dutch-based firm providing offshore access solutions, will soon be deploying a second gangway to support the construction of the Hywind Tampen floating wind farm in Norway.The first gangway, an E1000 system, was fitted to OSCV Siem Barracuda in early December. Ampelmann said Monday that the second Ampelmann gangway would begin its operations on the wind farm within the next six months.Maichel van Nauta Lemke, Ampelmann’s Business Developer for floating wind. ”We are…

Norwegian offshore vessel owner Siem Offshore has secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc. in Taiwan. The contract will start during March 2023. The contract has a firm period reaching into the fourth quarter of 2023. Siem Offshore said the vessel would be employed for a project within the offshore wind industry. Financial details were no disclosed.According to AIS, Siem Topaz was in Dampier, Australia, Thursday morning, with its next destination set for Singapore. Helix Inks Long-term Charter for Glomar Wave