Marine Assets Corporation secures financing for PSV

UAE-based offshore owner Marine Assets Corporation (MAC) has signed a financial leasing agreement with Chuanzheng Overseas Development, the financial leasing unit of Fujian Shipbuilding Industry Group, for a platform supply vessel it has on order at Fujian Mawei Shipbuilding.

The vessel is scheduled for delivery in March, and under the agreement Chuanzheng Oversea Development will acquire ownership of the vessel and charter it back to MAC.

MAC ordered four PSVs at Fujian Mawei in 2014, the other three vessels are currently under construction at the yard and deliveries are scheduled in July, September and December of this year.