The latest announcement is out from Siem Offshore AS ( (DE:S5H0) ).
Siem Offshore AS has entered into an agreement to sell its 2014-built Offshore Subsea Construction Vessel (OSCV) Sea1 Spearfish as part of its fleet renewal program. The sale, which is expected to close in May 2025, will generate a gain of approximately USD 40 million and allow the company to repay existing debt of USD 39 million, potentially strengthening its financial position.
More about Siem Offshore AS
YTD Price Performance: -13.14%
Average Trading Volume: 1,020
Technical Sentiment Signal: Strong Buy
Current Market Cap: €213M
Learn more about S5H0 stock on TipRanks’ Stock Analysis page.