Scan Mudring and Cape Group Sign Letter of Intent

Scan Mudring and the oilfield pipeline company, Cape Group, have signed a letter of intent outlining the utilization and the marketing of Scan Mudring’s dredging equipment. During the initial phase, Scan Mudring has agreed to send two ROV dredging systems to Cape’s facilities in Singapore where Cape will market utilize and promote the systems for specialized trenching operations.

Asia Pacific-based Cape Group will actively promote Scan Mudring’s equipment throughout the South East Asia markets. This is seen as an important step in the direction of sustainable international market growth.

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