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Global Industries, Ltd. acquires Olympic Orion

Posted on 01.08.2008 - 12:00 EDT in GENERAL NEWS by Rons_ROV_Links

Global Industries, Ltd. acquires Olympic OrionGlobal Industries, Ltd. announced today that it has signed a Memorandum of Agreement to acquire the Olympic Orion, a DP-2 multi service, ROV, deepwater construction and diving vessel. The vessel will be renamed the Global Orion and is available for service this month.

The Global Orion is a 298.6 ft (91 m) x 64.6 ft (19.7 m) fuel efficient, environmentally friendly vessel. In addition to SURF capabilities, the vessel is suitable for subsea installations, marine construction for field development, IRM, ROV missions and diving support.

The vessel has comfort class accommodations for 62 personnel and is equipped with a moon pool and a 150 ton, active heave compensated crane with 3,000 m of cable. The ship will be outfitted with a saturation diving system and ROV.

B.K. Chin, Chairman and Chief Executive Officer, stated, "The Orion further demonstrates Global's strong commitment to expanding its high quality fleet to accommodate the needs of our clients as we continue implementation of our business strategy to increase involvement in the deepwater/subsea SURF, IRM and decommissioning markets and integrated projects."

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