The delivery of the four WROVs is scheduled for 3Q2025.
Mermaid Maritime Public Company says that it entered a sale and purchase agreement with a Norway company on Dec 20, 2024, to acquire four newbuild work-class remote operated vehicles (WROVs) for EUR11 million ($16.42 million).
Mermaid Maritime, which provides subsea cable and installation services, says that the EUR11 million is to be paid in stages and funded through its cash reserves and credit facilities.
