USA: Oceaneering Gets Hands On DMT Saphire

Oceaneering International in the US has announced it was the high bidder to acquire DMT Sapphire from an affiliate of Deep Marine Technology (DMT), under a bankruptcy-sponsored auction proceeding. The bid was US$16.5 million.

A bankruptcy court hearing to approve the sale of the class 2 dynamically positioned vessel is scheduled for June 2, 2010. The US flagged and built DMT Sapphire was commissioned in 2002, is 237ft long, and will be delivered to Oceaneering at a Louisiana shipyard. Oceaneering intends to make an additional investment to upgrade DMT Sapphire. The vessel will have an Oceaneering saturation (SAT) diving system permanently installed onboard and be outfitted with a new crane and telecommunications, video, and survey equipment. It will be renamed at a later date.

[mappress]

Source:Oceaneering , May 25, 2010;