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October 2009

Four new ships join fleet

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Four new ships purchased in 10 days. CMI Caspian Ltd wins contract, together with Integrated Petroleum Services Ltd of Malaysia, to provide 3 modern 45 ton bollard pull tugs and a PSV to support the 2010 field development work for Petronas/MMHE/Technip in Turkmenistan. The vessels are all being mobilised into the Caspian for lay-up during Winter 2009 and scheduled for commencement of operations around February 2010. In conjunction with this contract, CMI Group will open offices in Ashgabat and Turkmenbashi through a Turkmenistan branch which will support these vessel operations.