Siem Industries Inc. announced audited consolidated earnings results for the year ended December 31, 2013. For the year, operating revenues were $179,665,000, total income was $357,016,000, income before income tax expense was $160,564,000 and net income attributable to holders of common shares was $159,337,000 or $10.47 per basic and diluted share against operating revenues of $176,378,000, total income of $457,477,000, income before income tax expense of $245,341,000 and net income attributable to holders of common shares of $246,511,000 or $16.15 per basic and diluted share a year ago. Net cash provided by operating activities was $62,059,000 against $80,155,000 a year ago.

Capital expenditures for vessels, shipping related assets and other was $39,980,000 against $4,614,000 a year ago.