BLV 0.00% 23.5¢ blossomvale holdings ltd


  1. 602 Posts.
    Media Release 3 March 2008
    Support vessel a natural progression for Neptune
    Perth, Western Australia: Leading engineering services company, Neptune Marine
    Services (ASX: NMS) has signed a memorandum of understanding with Singaporebased
    Trinity Offshore Pte Ltd for the acquisition of the dynamically positioned (DP)
    offshore construction support vessel, MRV ROV Supplier.
    The 55 metre multi-purpose vessel is a fundamental component in the progression of
    Neptune’s business strategy of acquiring services, technologies and expertise that
    seamlessly add value to its unique integrated subsea services model.
    The timing of the delivery will also correspond with the delivery of Neptune’s first (of
    three) work class ROV (remotely operated vehicle) and the acquisition of Perth-based
    Sea Struct P/L, a specialist manufacturer, supplier and installer of stabilisation and
    erosion control products.
    In order that it complies with Australia’s stringent quality standards, the MRV ROV
    Supplier will be taken out of service on delivery, subjected to a complete internal and
    external refurbishment and converted into a specialist ROV and survey support vessel
    with fully classed DP2 capability.
    “The vessel will be refurbished to the highest standards to ensure its operation in
    Australian waters,” confirmed Neptune’s Managing Director and CEO, Christian Lange.
    Mr Lange said the purchase of the MRV ROV Supplier was a natural extension to the
    company’s portfolio that would result in improved delivery of its integrated services.
    “Every service we provide is off the back of a vessel so it makes commercial sense to
    own such an asset,” he explained.
    “As owner, Neptune can also assume full administrative and operational control of the
    vessel and benefit financially from more favourable margins.”
    Once the refurbishments are complete, Mr Lange said the vessel would provide
    operators in the Australasian subsea market with support services across the areas of
    inspection, emergency repair, maintenance, light construction and surveying utilising the
    in house capabilities of Neptune’s subsidiaries.
    “Survey support will be provided via Tri-Surv Geomatics and the vessel will also be
    permanently fitted with the new build Swift XL 125 HP work class ROV system. This
    combination will be a key factor in providing our clients with a quality, reliable and
    seamless approach to general construction and survey support activities in both the Asia
    Pacific and Australian regions,” he added.
    All work will be supervised by Neptune’s ROV and Vessel Manager, Joel Weston.
watchlist Created with Sketch. Add BLV (ASX) to my watchlist
(20min delay)
Mkt cap ! $14.43M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 72689 23.5¢

Sellers (Offers)

Price($) Vol. No.
30.0¢ 3087 2
View Market Depth
Last trade - 16.12pm 13/12/2019 (20 minute delay) ?
BLV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.