Phoenix International, Inc., (Phoenix) announced today that it has signed a term charter agreement for the M/V ANNE CANDIES. The agreement includes options until August 2012. The M/V ANNE CANDIES is mobilized with a new, state-of-the-art Schilling Ultra Heavy Duty (UHD) intelligent Work Remotely Operated Vehicle (iWROV), and expands Phoenix’s subsea support capabilities to include infield development. The vessel is currently configured for deepwater inspection, maintenance and work tasks to depths of 11,500 feet. Future plans include the installation of a 40-ton knuckle-boom crane. The M/V ANNE CANDIES is a dynamically positioned (DP II) vessel 240 ft. long with a 54 ft. beam.