Mermaid Puts Off Vessel Delivery

Mermaid Maritime and China Merchants Industry Holdings have mutually agreed to postpone the delivery of the DP2 dive support and construction vessel ‘Mermaid Ausana’ to June 30, 2017.

Based on the Norwegian MT6024 design, the ‘Mermaid Ausana’ is a DP2 multipurpose subsea dive support and construction vessel that will be equipped with an 18-man twin bell saturation system and will have two self powered hyperbaric lifeboats. The vessel will also be equipped with diesel electric frequency controlled propulsion, azimuth thrusters, dynamic positioning systems, offshore cranes and platform deck for construction duties. The ‘Mermaid Ausana’ will be DNV classed, fully OGP compliant and will fly the Singapore flag.

In addition, Mermaid agreed with the same builder to extend the delivery dates for two performance class tender rigs ‘MTR-3’ and ‘MTR-4’ to December 31, 2016.

“The company now has aligned its strategic initiatives with market conditions through extended time to consider and implement preferred courses of action for the application of these assets. This includes, but shall not be limited to, accepting delivery of one or more of these assets from the builder on or before the respective delivery dates, or sale and disposal of the same to interested third parties,” Mermaid Maritime said in a press release on Friday, May 27, 2016.

Mermaid has also added that it had already recorded an asset impairment write-off on the entire deposit and associated costs related to the vessel and the rigs in its 2015 financial statements.

Share this article

Follow Subsea World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >