It has purchased the DP-1 capable AHTS for $12m in conjunction with Atlantic Venture, a company in which it owns 51% that was set up last month in the British Virgin Islands with an authorised share capital of $4m.
The Atlantic group will have an exclusive contract to manage the vessel for three years. Automatic annual renewal of the contract will follow subject to key terms being revised and mutually agreed between it and Venture.
The
