Miclyn Express Offshore acquires Hallin vessel

Singapore: Offshore support vessel operator Miclyn Express Offshore (MEO) has announced today that it has added to its fleet by acquiring subsea operation vessel Windermere, which was owned by the recently closed offshore firm Hallin Marine.

“This acquisition is a game-changing milestone in the evolution of our global business,” said Diederik de Boer, ceo of the Miclyn Group. “Our ongoing fleet expansion programme remains a strategic priority for us as we enhance our service offering to clients across expanding geographies. Windermere enables MEO to offer a wider range of value-added services, thus reinforcing our commitment to the needs of our clients across expanding geographies and demonstrating our consistent industry leadership position,” he added.

While the vessel is valued at around $80m it is believed MEO paid under $60m for the vessel, with Hallin desperate to offload as it looks to wind down the company by the end of the year.

Effective immediately Windermere will be chartered for a period of five years to subsea services provider PT. Seascape Surveys in Indonesia, and will be the only vessel of its type flagged in Indonesia. [17/11/14]

 

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