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Mermaid drops $25m vessel purchase
5-January-09
Written by Edited announcement
The falling Australian dollar coupled with the economic climate has forced Mermaid Marine Australia to drop its purchase of a $25 million vessel.
The company was due to receive a $US18.2 million ($A25 million) AHTS vessel this month, which was to form part of its core spot market fleet.
However in light of the movement in the Australian dollar exchange rate and the current global economic environment, Mermaid said it was more appropriate to charter vessels to supplement its fleet at this time.
Article continues...
5-January-09
Written by Edited announcement
The falling Australian dollar coupled with the economic climate has forced Mermaid Marine Australia to drop its purchase of a $25 million vessel.
The company was due to receive a $US18.2 million ($A25 million) AHTS vessel this month, which was to form part of its core spot market fleet.
However in light of the movement in the Australian dollar exchange rate and the current global economic environment, Mermaid said it was more appropriate to charter vessels to supplement its fleet at this time.
Article continues...
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