Dyneema Fiber Technology to Gain Foothold in Offshore Crane Sector

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 her sister vessel will feature something that no other vessel of its kind has, an active heave compensated offshore crane that utilizes fiber rope rather than … [Read more...]

Australia’s Mermaid Marine to Buy Jaya Offshore Business

SYDNEY, Feb 25 (Reuters) - 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. Mermaid Marine, a Perth-based company which provides vessel and supply base services to offshore oil and gas … [Read more...]