DMT Inks Agreement for Ocean Pioneer

Tuesday, September 19, 2006
Deep Marine Technology, Inc. (DMT) has signed a long term lease agreement for the four-point Ocean Pioneer anchor vessel. The Ocean Pioneer is a 205-ft., U.S. Flagged vessel with a 30,000lb A-frame, 1 Port & 1 Starboard A-frame (5,000lb utility; 3,120lb man rated), 14,000-lb. Petibone Pedestal Crane, Skagit RB 90 waterfall winch with (4) 5,000ft anchor cables and accommodations for 38.

Ideally suited for Pipeline Construction and Pipeline Abandonment works, the Ocean Pioneer joins the 220-ft. Agnes Candies and the 150 ft. Mother Theresa Diving Support Vessels in DMTs fleet.

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