MaasCapital Investments has teamed-up with Aberdeen-based Sentinel Marine for aseries of emergency response and rescue vessels (ERRV).

In late March Malaysian shipbuilder Nam Cheong won a firm order for four ERRVs fromSentinel plus options for up to four more ships.

Designed for work in the North Sea the vessels will be delivered betweenthe third and fourth quarters of 2014.

ParetoProject Finance AS was the manager and sole strategist for the equity issue,which formed part of the total project, which is valued in excess of £100m($152.5m).

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