Jeffrey Weber News

Mermaid Marine Australia Limited announced that the company has this week delivered two newbuild vessels into its international fleet; Jaya Majestic, an Anchor Handing Tug Supply vessel (AHTS) and Jaya Victory, a Platform Supply Vessel (PSV). Jaya Majestic, a high specification 78m DP-2 AHTS, was built at one of MMA’s Jaya shipyards in South East Asia. The vessel is the first new build to be delivered following MMA’s acquisition of 100% of Jaya Holdings’ subsidiaries earlier this year. The Singapore flagged Jaya Majestic is ideally suited to supporting jack-up rigs, semi-submersible rigs, Floating Production Storage Offloading facilities (FPSOs) and offshore construction spreads.

Offshore marine services provider Jaya, now part of Mermaid Marine Australia Ltd. (MMA), today delivered Jaya Majestic, a new state-of-the-art anchor handling tug supply (AHTS) vessel into MMA’s international fleet. Jaya Majestic was built at the company’s Singapore shipyard and is the first vessel to be delivered following the acquisition of 100% of Jaya Holdings’ subsidiaries by MMA earlier this year. MMA is Australia’s largest marine services provider to the offshore oil and gas industry.

Reutrs - 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 $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 explorers, will expand its scale in the Southeast Asian and Middle Eastern markets through the acquisition, the company said in a statement. The acquired businesses include 27 vessels currently operating in South East Asia, the Middle East and East and West Africa, two shipyards in Indonesia and Singapore, and a new build pipeline of six vessels for delivery by 2015.