Mermaid boosts subsea fleet with four ROVs

Mermaid Subsea Services Thailand (MSST) has agreed to acquire four new electric work-class ROVs from Argus Remote Systems for EUR11 million ($12.5 million).

It expects to take delivery of the vehicles during the third quarter.

MSST provides subsea and cable installations, including SAT/AIR diving, engineering, ROVs and surveys. Outside Thailand, the company has operations bases in the Middle East, UK, Africa and Southeast Asia.