AHTSVAnchor Handling Tug Supply Vessel
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Following vessel divestments earlier in the quarter, we are delighted to have acquired an additional, modern, sophisticated, diesel electric AHTSV - the 'Topaz Mariner' - a sister vessel to the Topaz Master received in Q2."
AHTSVs are used to support offshore oil-drilling operations.
Arc Marine acquired the vessel AHTSV Vessel Manak I in 2009-10 (refers to financial year, April 1 to March 31) for Rs.250 million.
In addition to the a€?Topaz Commandera€™, more than 10 new vessels are expected to join the companya€™s fleet in 2010, including four Anchor Handling Tug Supply Vessels (AHTSV) custom built for the Saudi Arabian market.
Topaz, a wholly-owned subsidiary of Oman's Renaissance Services, said the vessels, Sea Otter and Sea Marten, were built in 2007 and 2010 and are both Anchor Handling Tug Supply vessels (AHTSV).