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Thursday, November 14, 2024

Mermaid Units Up Subsea Providers JV In Vietnam



Mermaid Maritime has established a three way partnership (JV) with Tan Cang Offshore Providers in Vietnam which is able to supply subsea companies for the nation’s offshore sector.

The first actions of the newly fashioned JV will likely be to supply vessel chartering, ROV, transportation and set up help and offshore subsea companies

The JV – named Tan Cang Mermaid Subsea Providers Firm Restricted – is 50/50-owned by Mermaid Subsea Providers (Thailand) and Tan Cang Offshore Providers Joint Inventory Firm (TCO).

TCO is knowledgeable service supplier of offshore vessel chartering, ROV companies, ocean towage and salvage, dredging, subsea companies, transportation and set up companies, and offshore asset decommissioning based in March 2012.

TCO is a member of Saigon Newport Company (SNP), which has existed for greater than 30 years in Vietnam.

The corporate’s main exercise is oil-related companies and port exploitation. TCO owns and operates large-capacity ships, in addition to barges and greater than 20 fashionable machines.

Mermaid Subsea Providers (Thailand) Restricted is fully-owned subsidiary of Mermaid Maritime, providing subsea companies to the offshore trade.

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