Maridive Operates 47 Vessels

Maridive Operates 47 Vessels

Maridive Group’s fleet reached 47 operated vessels by the end of last year, Egypt Oil & Gas reports.

Vessels include 24 anchor handling tug supply vessels (AHTs), 24 offshore support vessels (OSV), 16 complementary vessels including tugs, mooring boats, and crew boats, and seven construction support vessels (CSV) including diva support vessels (DSV) and multipurpose support vessels (MPSV), the company said in a statement.

In Q4-2018, the group decided to relocate one of its MPSVs, moving it from Egypt to the Gulf of Mexico. The relocation is expected to enhance the Group’s position, and provide access to, one of the most promising regions that have significant potentials.

In 2018, Maridive’s weighted average utilization rates recorded 81%, compared to 85% in 2017, due to the MPSV’s relocation downtime, during the two-month trip.

Maridive’s Group extended its service via two subsidiaries, Valentine Maritime and Maridive Offshore Projects (MOP).

“Valentine Maritime’s service offering covers the full spectrum of offshore construction services, including large-scale engineering, procurement, installation and commissioning (‘EIPC’) projects, operational expenditure projects and well services.

Meanwhile, “MOP is increasingly focused on recurring income construction work and service offering to third parties, including Unmanned Aerial Vehicle (UAV) drone inspection, port management services, proprietary pipe-laying technologies, and labor supply,” the statement noted added.

 

Sarah Samir 2820 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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