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    Oceaneering acquires DMT Sapphire

    Vessel & ROV News // May 24, 2010

    Oceaneering International in the US has announced it was the high bidder to acquire  DMT Sapphire from an affiliate of Deep Marine Technology (DMT), under a bankruptcy-sponsored auction proceeding. The bid was US$16.5 million.

    A bankruptcy court hearing to approve the sale of the class 2 dynamically positioned vessel is scheduled for June 2, 2010.

    The US flagged and built DMT Sapphire was commissioned in 2002, is 237ft long, and will be delivered to Oceaneering at a Louisiana shipyard.

    Oceaneering intends to make an additional investment to upgrade DMT Sapphire. The vessel will have an Oceaneering saturation (SAT) diving system permanently installed onboard and be outfitted with a new crane and telecommunications, video, and survey equipment. It will be renamed at a later date.


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