>SEAMEC LIMITED (ANAGRAM)

BACKGROUND
Established in 1996 as Peerless Shpping and Oilfields, South East Asia Marine Engineering & Construction Limited caters to the offshore oilfield industry and provides Diving Support Vessel (DSV) based diving services. Mauritius based Coflexip Stena offshore oilfield industry and provides Diving Support Vessel (DSV) based diving services. Mauritius based Coflexip Stena offshore had acquired 58.24% stake in the erstwhile. Peerless Shipping in 1999, which in-turn was acquired by Technship S. A. of France in April 2000. Pursuant to this Technship made an open offer to the shareholders of SEAMEC in December 2002 taking its shareholding from 58.24% to 78.25%.

BUSINESS
Being a leading provider of DSV based diving services, SEAMEC has unrivalled experience in the ongaoing subsea inspection, repair maintenance and light construction required for the support of offshore oil production.

Currently the company owns three multi functional diving support vessels is capable of working throughout the year in severe sea and weather conditions. Multi-support vessels are normally used for supporting oil fuel services, diving, remote vehicle operations, fire fighting, rescue and helicopter services. Most of the time dedicated dive support vessels are used for diving and sometimes for ROV service (Remote Operated Vehicles), which are under water remotely controlled vehicles.

The company has also acquired a cale lay vessel in june 2006 named Seamec Princess. After modification, the vessel was put on charter from 1st March 2008.

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