A subsidiary of Thai OSV owner Mermaid Maritime Public Company Limited has entered into an agreement with the Export-Import Bank of Thailand to borrow up to US$8M to support the special periodic survey of two dive support vessels
Conducted once every five years, the mandatory special periodic surveys will be for Mermaid Subsea Services (Thailand) Ltd’s two Panama-flag dive support vessels (DSVs) Mermaid Endurer and Mermaid Asiana.
In June, Mermaid Subsea Services entered into an agreement with the Export-Import Bank of Thailand to borrow up to US$65M to extend financing on both of the vessels.
The loan extends the financing for an additional five years and will settle the indebtedness under a previous credit facility agreement for the two vessels.
Dynamic positioning class 2 (DP 2) capable, Mermaid Endurer is designed for operations in severe weather conditions such as the North Sea. Built in Norway in 2010, the DSV has an overall length of 95 m, beam of 20 m and is equipped with a 18-man single bell saturation diving system complete with a self-propelled hyperbaric lifeboat. Built to DNV GL class, the vessel has a 100-tonne MacGregor active heave compensated (AHC) knuckle boom crane and accommodation for 86.
Built in Singapore in 2009, Mermaid Asiana is a purpose-built DP 2 dive support and light construction vessel, equipped with a built in 12-man single bell saturation diving system complete with a self-propelled hyperbaric lifeboat. With a length overall of 90 m and beam of 22 m, the vessel has a 100-tonne Heila AHC knuckle boom crane and accommodation for 100. Under ABS class, Mermaid Asiana is designed for operations in the Middle East and Asia-Pacific region.
As of 27 April, both vessels were at anchorage in the Middle East offshore Abu Dhabi, according to vessel tracking service Marine Traffic.