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    Mermaid Maritime charters more vessels

    Vessel & ROV News // November 7, 2014

    Mermaid Maritime Public Company Limited has chartered in three additional vessels in the past month to take on new projects, on the back of what it described as strong demand for its services.

    The group has recently chartered-in Siem Daya 2, a subsea construction vessel, to provide subsea cable laying installation support services in the Middle East for an upstream national oil and gas major. Siem Daya 2 will be on hire until early January 2015 with options for further extension depending on additional work availability.

    In October 2014, the group also chartered-in Mubarak Carrier, a construction barge for short term work on subsea cable lay trenching support in the Middle East for an upstream national oil and gas major as well as Harkand Harmony, a remotely-operated vehicle and survey support vessel for gas detection work in the Gulf of Thailand for an international upstream oil and gas major. Both charters will cater to additional short-term customer requirements scheduled to be completed this November 2014.

    These chartered-in vessels join the group’s fleet of seven subsea vessels and other chartered vessels.

    Chalermchai Mahagitsiri, Chief Executive Officer of Mermaid, said: "With many of our key assets serving existing contracts, the group has had to charter-in additional vessels to fulfill strong demand for our scope of services, bringing our operational fleet up to 14.

    "The brisk business done by our subsea services segment is testimony that our shallow water biased fleet remains in strong demand globally. With an overall orderbook of US$470 million and the potential for more near-term contract wins, we are optimistic that our plans for product and geographical expansion remain on track.”


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