Mermaid Charters Ex-Windermere DSV

Mermaid Maritime’s Indonesian business unit has chartered in the ex-Windermere vessel from Miclyn Express Offshore Ltd. (“MEO”) for 5 years at a cost of approximately USD 15 million per year, with options to extend for another 5 years.

The vessel is scheduled to be delivered in the month of December 2014.

The ex-Windermere, to be renamed ‘Mermaid Nusantara’, a 5 year old DP2 dive support vessel (“DSV”) and former flagship of Hallin Marine, comes with a 15 man built-in saturation diving system and air diving system, 120 beds and a 50 ton crane, and will be the first of its kind operating in Indonesia.

The Mermaid Nusantara will undertake inspection, repair and maintenance contracts as well as performing saturation diving for construction support, ongoing field maintenance and call out repair.

Being Indonesian flagged, the vessel will be in prime position to secure any potential work in Indonesia. In addition, the vessel will also bid for jobs in Myanmar, Thailand, Malaysia and Brunei while providing back up for the DSV ‘Mermaid Commander’ and for any additional work.

Mr. Chalermchai Mahagitsiri, Chief Executive Officer of Mermaid said, “We are pleased to be able to secure the charter-in of the ex-Windermere to be renamed Mermaid Nusantara, a quality DSV with a proven operational track record, for 5 years, with options to extend it for another 5 years.

The Group had the next few years in mind during negotiations to secure the charter as we have received numerous requests for the scope of work that the vessel provides. We believe that the addition of this DSV will place us in a very opportune position to capitalize on the growing demand for subsea services in Indonesia.

“As it stands, with the addition of the Mermaid Nusantara, Mermaid is now a leading subsea services company in Indonesia, and allows us to increase our exposure in Indonesia, and subsequently, the region.”

Image: Shipspotting

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