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Thailand’s Mermaid Maritime, by way of its subsea companies unit, has established a three way partnership firm in Vietnam with native marine contractor Tan Cang Offshore.
The Singapore-listed firm stated the brand new firm, referred to as Tan Cang Mermaid Subsea Companies, shall be concerned in remotely operated automobile (ROV) companies, vessel chartering and transportation and set up assist companies.
The enterprise shall be collectively owned by Mermaid Subsea Companies and Tan Cang Offshore on a 50/50 foundation.
Tan Cang Offshore is a member of Saigon Newport Company. Based in 2012, the corporate is engaged in offshore vessel chartering, towage and numerous offshore and subsea companies, together with ROVs, transportation and set up and decommissioning.