According to SmallCapsNews.com, Hallin Marine, has signed two new contracts with a combined estimated value of $9.5m.
The company has signed a 12-month contract with a U.S.-based Contractor to provide Hallin's state of the art Saturation Diving System SAT-05 for operations in the Gulf of Mexico. Hallin will also provide personnel and operate the system as the client requires.
The final scale of the contract will depend on the utilization of the system and Hallin personnel during its term but the estimated value is a minimum of $7.5m.
Hallin has also been awarded a $2m contract with repeat client Seaway Heavy Lifting Ltd to provide Saturation Diving Services in support of the BCP-B2 Booster Project offshore of the West Coast of India.
Source: SmallCapsNews