Maridive receives two new units, six more to follow

Maridive and Oil Services received one new vessel and one new barge and said it would receive another vessel this month, Beltone Financial reported in its daily note.

The company also added that it will receive six new vessels in 2011, and the state-of-the-art barge “DLB 1600” by the third quarter of 2011.

“Maridive’s fleet is increasing in size, and decreasing in age, adding weight to revenues and increasing margins,” Beltone commented. “Moreover, the DLB 1600 barge will be the largest and most highly technological barge in the region, and it will broaden Maridive scope of business, as it will allow the company to undertake bigger construction projects, including platform installations.”

(Source: Daily News Egypt)


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