Hire of Equipment Agreement

ASX Announcements

PERTH, Western Australia: Neptune Marine Services Limited (ASX: NMS, Neptune or the Company) advise that further to the ASX announcement dated 19 September 2014 concerning the commencement of a 5 year contract for the hire and services of the Bhagwan Dryden, Bhagwan Marine have advised the Company that they have been terminated by their client and therefore intend to terminate its agreement for hire of equipment with the Company.

We are reviewing the notification and taking advice prior to responding, however confirm that this will not impact works that Neptune has contracted for the Bhagwan Dryden in the coming months and is expected to have no material impact on our operations moving forward.
We continue to offer fully integrated services to our customers working with our other key vessel providers.

Category: ASX Announcements