Subsea entrepreneur John Giddens, the founder of Hallin Marine who built his company into a global subsea services player after starting it from a container in his back garden, has re-entered the industry with the announcement of the order for a new 105 meter subsea operations, diving and ROV support vessel.
The construction contract for the “Tasik Toba” was awarded to Fujian Mawei Shipyard in China and the vessel’s design and specification has been carried out by Tasik Subsea, a company set up by Glidden and long-time vessel collaborator Mike Meade.
The Tasik Toba will be DP3 and have a 300 meter-rated sat diving system, hangar facilities for two deepwater ROVs, a 150 ton AHC crane with a 3000 meter working depth, and accommodation for 120.
Giddens founded Hallin Marine from Singapore and built his business into a global business with a fleet of subsea service vessels. He sold his business in 2010 for more than GBP 100 million.
Meade is the CEO of M3 Marine Group, an independent ship broking and marine consultancy house based in Singapore.