The private equity-backed company confirmed Monday that it had bought the DP2-rated Winderemere (built 2010). No price was disclosed.

MEO said the ship will immediately be chartered for a period of five years to a subsea services provider in South East Asia.

The Windermere is designed for wellhead servicing, inspection and construction diving, and remotely operated vehicle (ROV) support.

The Drydocks World-built vessel boasts its own moon pool, a 15-man saturation diving system plus an air diving system.

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