Welcome DSV Mermaid Nusantara
Friday 24 June 2016
The Vessel shall be delivered to Mermaids Subsidiary Surveys, In August 2016. Formerly the Windermere, and renamed as Mermaid Nusantara, the vessel comes with a 15-man built-in saturation diving and air diving system, 120 beds and a 50 ton AHC crane and shall be equipped with a TMS work-class ROV.
The vessel will undertake inspection, repair, and maintenance (IRM) contracts as well as performing saturation diving for construction support, ongoing field maintenance and call out repair.
Mermaid had previously chartered-in this vessel and deployed the vessel to support its various subsea projects in 2015. The re-chartering of the vessel comes at the back of anticipated continuing demand for subsea services in both Indonesia and the rest of he South East Asian region. This latest charter also comes with a one-year extension option which, if exercised, would extend the charter through to July 2018.
This charter-in of the Mermaid Nusantara is an opportunity for the Mermaid 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. Mermaid has already secured subsea contracts with circa US$10 million that will utilize this vessel for a scheduled duration of approximately 70 days, and its actively biding for more work utilizing the vessel int he South East Asian region.