Mermaid?s unit takes delivery of support vessel

By Ruli Setiawan

SGX-listed Mermaid Maritime Public Company Limited announced on Wednesday that its Jakarta-based subsea and survey unit PT Seascape Surveys Indonesia has taken delivery of the DP2 Remotely Operated Vehicle Support Vessel (RSV) renamed ?Resolution? on long term charter for an initial period of three years plus options for up to an additional two years.

This newest addition to Mermaid's subsea fleet represents a boost to Seascape's capabilities and was prompted following the award of two major inspection, repair and maintenance (IRM) contracts in Indonesia for its other charter-in vessel DP2 RSV :Endeavour? which is now committed through to 2016.

Peter Reichlmeier, Managing Director of Seascape, said in a statement: "We targeted these major IRM contracts in Indonesia last year and won what we went after. To perform these contracts and continue with where we were before those projects meant we needed another vessel. Now, the most immediate goal is to have that second vessel up and running and achieving its target utilization."

The DP2 RSV ?Resolution? already has several confirmed project commitments in Thailand and Indonesia during the first half of 2014.

On July 19, 2013, the firm announced that its subsidiary, Seascape, had entered into a three year charter-in contract with Miclyn Express Offshore (MEO) for a DP2 vessel, then under construction in Batam, Riau Islands. Upon delivery, the vessel will be renamed ?Resolution? and will be under the flag of the Republic of Indonesia.

Editing by Johannes Simbolon