Global Marine Gets SEAIOCMA Cable Contract Extension

Global Marine informed that its maintenance contract with South East Asia and Indian Ocean Cable Maintenance Agreement (SEAIOCMA) has been extended for five-years, until 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.

Under the terms of the extended contract, which came into effect on January 01, 2018, and expires on December 31, 2022, Global Marine will provide a newly constructed depot in Subic Bay, Philippines.

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.

“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 minimize 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.”