Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has established a joint venture (JV) company in Singapore to serve as the investment and operating vehicle for the reactivation and subsequent commercial deployment of an existing offshore support vessel.
Mermaid Subsea Services (Thailand) (MSST) has entered into a joint venture agreement with DS Global Offshore Engineering Singapore, a subsidiary of DS Global Offshore Engineering (Tianjin), a privately-owned company established in China that specializes in offshore engineering, for the strategic reactivation and commercial development of Mermaid Commander, under which the vessel will be reactivated and repaired by the Singaporean company.