Global Marine wins five-year extension to SEAIOCMA cable maintenance contract

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CHELMSFORD, UK – Global Marine, a market leader in subsea fibre optic cable installation and maintenance solutions to the telecoms and oil & gas sectors and part of the Global Marine Group (GMG), announced today that its maintenance contract with SEAIOCMA (South East Asia and Indian Ocean Cable Maintenance Agreement) has been extended for five-years, running to the end of 2022.

The SEAIOCMA maintenance zone agreement, which is a co-operative club managed by 46 cable owners, provides the repair of submarine cables that carry international telecommunications traffic. SEAIOCMA spans the area between Djibouti in the west, Perth in the south, Guam in the east and the northern tip of Taiwan. This is the third and final of Global Marine’s three long-term maintenance contracts renewed since the beginning of 2016 (NAZ (North America Zone) announced March 2016 and ACMA (Atlantic Cable Maintenance Agreement) announced January 2017).

Under the terms of the extended contract, which came into effect on 1 January 2018, and expires on 31 December 2022, Global Marine will provide a newly constructed depot in Subic Bay, Philippines. The new depot will continue to serve as the base of Global Marine’s vessel the Cable Retriever, a purpose-designed cable ship equipped with a 600 horsepower ROV (remote operated vehicle), capable of burying cable up to three metres below the sea bed and mobilising within 24 hours of a call-out. The Cable Retriever is operated by experienced and fully trained personnel and features specialist equipment.

Global Marine has been providing maintenance services continuously to SEAIOCMA since its inception in 1986 and has completed more than 600 repairs. During that time the network has expanded from 34,000 km of cable maintained to encompass more than 111,000 km. The extension of the SEAIOCMA agreement demonstrates continued customer recognition of Global Marine’s reliability in support of long-term contracts, and its ability to deliver leading subsea maintenance to customers around the world.

“There is no greater endorsement of your success than a contract extension from an existing customer,” said Bruce Neilson-Watts, Managing Director of Global Marine.  “SEAIOCMA has again placed confidence in our capabilities, primarily because we provide certainty and minimise disruption.  Over our long and successful history, Global Marine has proved time and time again that we are both resilient and flexible enough to provide new solutions that aid future market development.”

Global Marine currently delivers support in three of the world’s six cable maintenance zone agreements. Combined with its joint venture, SBSS, Global Marine maintains 33 percent of fibre optic cable lying across the world’s ocean floor. In the past five years the Company has achieved 99.7 percent of the contractual KPIs across all of its maintenance agreements.

www.globalmarine.co.uk

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