AsiaFinance and InsuranceOffshore
Mermaid Maritime secures new $65 loan to extend financing of DSV pair
Thailand’s Mermaid Maritime Public Company subsidiary Mermaid Subsea Services has secured a $65m loan facility with the Export-Import Bank of Thailand.
The loan is being used to extend the financing of dive support vessels Mermaid Endurer (built 2009) and Mermaid Asiana (2010) for a further five years with the same lender. It will be used to settle the previous credit facility for the two vessels.
Mermaid Maritime currently has eight subsea vessels in its fleet.