ACQUISITION OF A NEWLY BUILT MID-SIZED AHTS VESSEL BY INDONESIAN SUBSIDIARY
read in detail here;
http://marcopolo.listedcompany.com/newsroom/20130621_175634_5LY_3E634CED38D0C88248257B9100360B49.1.pdf

In short, the acquisition was done to support its market position quickly in OSVs in Indonesia, as it would take at least 18 months to build one. The vessel is already undergoing re-flagging to an Indonesian flag and is expected to be chartered soon to a leading oil company for deployment in Indonesian waters.

The limited supply of Indonesian flagged vessels puts MPM in good position, via its 49.6%-owned subsidiary, PT BBR. The company is wasting no time in increasing its supply of vessels for chartering services amid robust demand in Indonesian waters. MPM intends to build bigger vessels such as the AHTS and prepare itself to handle more sophisticated vessels and massive steel work modules. These modules hold piping, cables, valves and equipment and many of them are ......