Monday, May 12, 2008

Renaissance buys Qatari supply vessel operator

Oman's Renaissance Services will buy offshore supply vessel operator Doha Marine Services.

Under the QAR453 million (US$125 million) deal, Renaissance subsidiary Topaz Energy and Marine will buy the company in phases, and add four vessels to Doha Marine's Qatar fleet. The deal expands the Topaz fleet to 91 vessels, with 16 still under construction.
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