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    Sical Logistics acquires Siem Mollie PSV

    Vessel & ROV News // October 25, 2006

    Sical Logistics Ltd in India has announced that its Singapore unit, Bergen Offshore Logistics Pte Ltd, has acquired a PSV for $31.3 million.

    The vessel was acquired from Siem Mollie SA, Norway, the company said in a statement.

    "The surge in demand for oil and gas has led to a sharp increase in deepwater drilling, and, consequently, the demand globally for specialized high capability platform vessels for deepwater offshore logistics," Vice Chairman Ashwin Muthiah said.

    Shares in the company rose almost 4.3 per cent to 285.50 rupees in the Mumbai market.

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