Thai subsea companies firm Mermaid Maritime has via its subsidiary Mermaid Subsea Oil and Gas Services (MSOGS) secured a mortgage of as much as $10 million for the acquisition of Mermaid Sapphire ROV assist vessel.
The mortgage settlement, SinoPac Capital International, will facilitate the reimbursement of Mermaid’s fairness used for the acquisition of the Mermaid Sapphire.
The Mermaid Sapphire is a DP2 remotely operated car (ROV) assist vessel outfitted with a deepwater work-class ROV, a 23-tonne knuckle increase crane and lodging for 60 personnel.
The vessel was inbuilt 2009 and is crusing underneath the flag of Panama.
