The Acquisition Highlights RESOLVE’s Commitment to Clients by Reinvesting Revenues, Expanding Fleet

Fort Lauderdale, Fla. Sept. 23 2013 – RESOLVE Marine Group is pleased to announce to the acquisition of a 152-ton bollard tug, Resolve Monarch, from JP Knight (Lowestoft) Ltd. Previously named the Anglian Monarch, the purpose built emergency towing vessel (ETV) was on contract with the United Kingdom government, where she served as part of the government’s coastline emergency response fleet, actively involved in many high-profile maritime casualty rescues.

“The Monarch is a great addition to our growing global fleet and enhances our worldwide emergency response and salvage capabilities for our OPA-90 clients and others,” according to Damian Allan, RESOLVE’s Director of Business Development.

The vessel was designed to serve as a dedicated emergency response and salvage vessel in northern European waters. For her first assignment, Resolve Monarch sailed from Invergordon, Scotland on August 19th and is currently en route the Bay of Plenty, New Zealand where she will assist with RESOLVE’s work on the MV Rena project.

“Adding this purpose built ETV to our fleet not only strengthens our global emergency response abilities, but also reflects our commitment to offer clients the best resources available,” says Joe Farrell, President of RESOLVE Marine Group.

This acquisition illustrates RESOLVE’s dedication to serve its clients on a continual basis by reinvesting revenues in rescue fleet expansions and emergency response resources of both personnel and equipment.
As part of this commitment, RESOLVE recently stationed an ETV, the U.S.-Flagged Resolve Pioneer, in Dutch Harbor, Alaska, where there has been a great need for emergency response resources due to increased vessel traffic in the environmentally-sensitive area.

Built in 1999, the Resolve Monarch, has a 152 ton bollard pull

RESOLVE Marine Group, Inc’s multi-faceted marine services organization provides marine salvage, wreck removal, emergency response and OPA-90 SMFF services, as well as marine emergency response and safety training, naval architecture and marine engineering on a worldwide basis. Serving the global maritime and offshore industries – including both public and private sector clients – RESOLVE Marine Group, Inc. is dedicated to the protection of life, the environment and property at sea, and lives by its mission To Leave the World a Better Place. RESOLVE is an ISO9001 certified company. Visit www.resolvemarine.com for more information.