Mermaid Maritime targets Indonesian subsea market

Mermaid Maritime is responding to an anticipated continuing demand for subsea services in both Indonesia and the rest of the South East Asian region by re-chartering a DP2 dive support vessel (DSV), the Mermaid Nusantara. 

Namely, Mermaid Maritime’s Indonesian business unit, PT Seascape Surveys Indonesia, has entered into a one year charter-in contract with PT Nusa Perkasa Permai for the Mermaid Nusantara.

Mermaid said on Tuesday that the vessel is expected to be delivered to Seascape in August 2016. The company recently secured subsea contracts worth circa $10 million that will utilize this vessel for a scheduled duration of approximately 70 days.

Offshore support vessel provider Miclyn Express Offshore (MEO) bought the Mermaid Nusantara, a former flagship of Hallin Marine and formerly known as Windermere, in November 2014, and immediately chartered it to Mermaid Maritime for a period of 5 years.

The vessel comes with a 15 man built-in saturation diving system and air diving system, 120 beds and an active heave-compensated 50 MT SWL knuckle-boom subsea crane. The vessel accommodates up to 120 personnel with onboard facilities including a 700 square metre deck, plus an elevated helipad at the bow. It will undertake inspection, repair, and maintenance contracts as well as performing saturation diving for construction support, ongoing field maintenance and call out repair.

The company had previously chartered-in this vessel and deployed it to support its various subsea projects in 2015. This latest charter also comes with a one-year extension option which, if exercised, would extend the charter through to July 2018.

Mermaid explained that this charter-in of the Mermaid Nusantara is an opportunity for the company to continually secure a dedicated DSV for the South East Asian market and also to materially increase the revenue and profit of Mermaid in the Eastern Hemisphere. Being Indonesian flagged, the vessel will be in prime position to secure any potential work in Indonesia, the company added.

Offshore Energy Today Staff

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