Norway’s Siem Offshore has been fined $8m for handing over a newbuilding late to oil major Petrobras.
The Kristian Siem-backed company said in a filing to the Oslo Stock Exchange that it had been notified of a “final unfavourable decision” by a Brazilian court relating to legal action it took against the charterer.
The ETP Engenharia shipyard in Brazil handed over the 56-loa oilfield pollution control vessel Siem Marataizes in March 2016, according to shipbroker Clarksons.
