Pioneer Secures Subsea Vessel Charter

March 2017

Marine Vessel owner/operator FTAI Offshore, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), has secured a six (6) month firm contract for the Subsea Support Vessel the M/V PIONEER to provide offshore, subsea and construction support operations in the Middle East.

The Singapore-built DP2 Vessel the M/V Pioneer (80m x 20m with 120-pax accommodation & 50T subsea crane) will be used to support offshore operations in the the Nasir, Umm Shaif and Zakum Oil fields.

Jon Attenburrow, MD of FTAI Offshore, said, "We are pleased to have been awarded this contract for the Pioneer in the UAE, which we believe reflects on the quality of our vessels and the professionalism of our personnel and crews."