Topaz Marine has confirmed the acquisition of the multipurpose support vessel (MPSV) Ocean Commander in Singapore.
The vessel has been renamed Topaz Commander and joins Topaz Marines’ fleet of about 100 vessels.
Built in 1999 in Myklebust, Norway, as an 84-metre UT 745 platform supply vessel (PSV), the addition of a 50-tonne knuckle boom crane makes the Topaz Commander a highly competent MPSV.
The Topaz Commander will immediately commence work under a contract with ADAMS Offshore Services in Vietnam. The vessel acquisition was financed in part through a term-loan facility with Standard Chartered Bank.
The acquisition of the Topaz Commander signals Topaz’s continued commitment to its fleet expansion programme. In addition to the Topaz Commander, more than 10 new-build vessels will join the Topaz fleet during 2010, among them four anchor-handling tug supply vessels with dual bow-thrusters custom built for the Saudi Arabian market.
Topaz is a wholly owned subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market.