Mermaid Maritime scores Mid East contracts

Bangkok: Mermaid Maritime has announced that its wholly owned subsidiary in the Middle East has won two saturation diving service contracts with an unspecified firm.

Both contracts are estimated to be of approximately six to eight months duration in total. The first of the two contracts has already commenced and the second will start back‐to‐back upon completion of the first.  

The contracts will be serviced using a chartered‐in DP3 multipurpose support vessel Bourbon Evolution, which Mermaid has taken for an initial eight months with an option for eight more months. The contracts are worth a total of between $40m to $45m.  [19/09/14]

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