Haliln to expand ROV fleet

Hallin Marine is investing $15.3 million in seven new work class machines; manufacturing four of the vehicles itself and purchasing the remainder externally.

Offshore staff

ABERDEEN, UK -- Hallin Marine is investing $15.3 million in seven new work class machines; manufacturing four of the vehicles itself and purchasing the remainder externally.

Hallin's manufacturing division will complete the build of C-ROVs 3 and 4 for the company's operational divisions. The company is also building C-ROVs 5 and 6, also for its own operation. Additionally, the company's East Division has placed an order for a Saab Seaeye Panther XT ROV.

The West Division is currently placing an order that confirms its letter of intent for two Quasar 125-hp 3,000-m (9,843-ft) ROVs from SMD Hydrovision.

The funding for the ROVs will be met by a combination of Hallin's internal resources and bank borrowing that has already been fully secured.

09/05/2008

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