AUSTRALIA

Mermaid begs off on vessel acquisition

MERMAID Marine is taking the cautious route with its decision not to go ahead with buying a new anchor handling tug supply vessel priced at about $US18.2 million ($A25.5 million).

Marija Stojkovic

The company said chartering vessels to supplement its fleet was more appropriate in light of the movement in the Australian dollar exchange rate and the global economic environment. Mermaid said it expects...

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