Mermaid makes a splash

Thoresen Thai-controlled Mermaid Maritime has confirmed a move for a dive support vessel (DSV) and a pair of tender rigs in a deal worth $436m.

9 January 2014 15:21 GMT Updated 9 January 2014 15:24 GMT

The Singapore-listed firm has paid $138m for the DSV at the Shenzhenyard of offshore specialist China Merchants Industry Holdings (CMIH).

Delivery of the vessel is scheduled for the third quarter of2016, Mermaid announced today.

The company currently owns three similar assets working inIndonesia, the North Sea and the Gulf of Thailand.

CMIH also won the contract to build the tender rigs for$149m each for handover in the first and second quarters of the same year.

Analysts

Offshore