Launch of CSS Olympia and Additional CSS Contracts Secured

STX Marine (STXM) is pleased to report the launching of MAC Offshore’s Compact Semi-Submersible (CSS), CSS “Olympia”. The launch took place on the 28th March, 2013 at the Liya Pingtan Shipyard, in Fujian Province, China, a yard managed by Fujian Mawei Shipbuilding. The delivery of the vessel is due in Nov 2013 to CSS Olympia’s new owner Graal Invest of Brazil.

STXM would like to congratulate MAC Offshore on the signing of four additional CSS contracts to be constructed by Fujian Mawei Shipbuilding with delivery between Aug 2014 and Oct 2015. STXM recently signed the engineering contracts with the shipyard to provide the updated design package for each vessel based on the minor modifications to the successful CSS “Olympia”.