PT Wintermar Offshore Marine Tbk (WINS) has entered into a Memorandum of Agreement to acquire the Neptune Trident from Neptune Marine Pacific Pte Ltd a wholly owned subsidiary of the ASX listed Neptune Marine Services Limited (" Neptune"), through our subsidiary PT Wintermar. The Neptune Trident, a 5506 BHP Multi Role construction support vessel, is equipped with Dynamic Position System(DP2) and certified FiFi-1 (Firefighting) and complements our fleet of higher value added offshore support vessels.
WINS' management is also in discussions with the management of Neptune to collaborate on future projects together, leveraging on WINS' marine expertise in offshore support vessel operations and Neptune's experience in engineering and other specialised services for the offshore
oil and gas industry. The acquisition of the Neptune Trident is in line with WINS' strategy to grow our fleet of higher technology support vessels. She will be deployed to serve the strong and growing demand in the Indonesian offshore support industry for exploration and production of oil and gas. The acquisition is expected to be completed in May 2011.WINS' management is also in discussions with the management of Neptune to collaborate on future projects together, leveraging on WINS' marine expertise in offshore support vessel operations and Neptune's experience in engineering and other specialised services for the offshore
source: IDX - 19 April 2011