Siem Industries Inc. operates as a diversified industrial holding company with current main interests in five industrial areas: the oil and gas services industry (Subsea 7 S.A. and Siem Offshore Inc.), the ocean-transport of refrigerated cargoes (Siem Shipping Inc. d/b/a STAR Reefers) and automobiles (Siem Car Carriers), potash-mining in Germany (Deusa International GmbH), finance (Venn Partners, Siem Europe S.a r.l., Venn Capital S.a r.l. and VSK Holdings), Swedish industry (Siem Capital AB) and Flensburger Schiffbau-Gesellschaft shipyard. Further, the Group has smaller holdings within shipping and other segments.
The Company was formed in 1980. The Group traces its history back to the 19th century. The Company is incorporated in the Cayman Islands, and has executive offices in George Town, Cayman Islands. The Company has the following offices: Siem Kapital AS, with offices in Oslo, Norway; Siem Capital UK Ltd., with offices in London, United Kingdom; Siem Europe S.a r.l., with offices in Luxembourg; and the Company’s recently opened office in Monaco.
The Company has approximately 450-600 shareholders. It was listed on the Oslo Stock Exchange until 1999 and on the American Stock Exchange until 1998. The Old Yard Trust Company is the trustee for a trust which is the largest shareholder of the Company with 66.8% of the share capital.