The vessel pictured above may look like a run-of-the-mill subsea IMR (inspection, maintenance and repair) vessel, however upon delivery to Australian offshore vessel operator Mermaid Marine this October, she and...

Australian marine logistics firm Mermaid Marine Australia Ltd said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd for A$550 million ($495.96 million) in cash to expand its international portfolio.