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    NMEL signs US$23 million contract for two vessels

    Vessel & ROV News // July 10, 2007

    Nico Middle East Ltd (NMEL), one of Dubaiís leading offshore vessel owners and operators, has announced that it has signed contracts to build two new AHTS vessels for its offshore fleet at a value of over US$23 million.

    The two 5,150bhp purpose-built AHTS are currently under
    construction in Fuzhou, China and are scheduled for delivery in late 2007 and early 2008.

    The investment in the vessels are part of NMELís long term strategy of fleet replenishment and upgrading and part of the division's overall plans to double its fleet size within the next five years.

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