Canada's STX Marine has reported the launch of the compact semi-submersible CSS Olympia for Marine Assets Corporation (MAC) Offshore.

The launch took place at the Liya Pingtan Shipyard, in Fujian Province, China, a yard managed by Fujian Mawei Shipbuilding. The contract was signed in April 2010 and delivery of the vessel is scheduled for November 2013 to CSS Olympia's new owner, Graal Invest of Brazil.
MAC Offshore has further announced the signing of four additional CSS contracts. The vessels will be constructed by Fujian Mawei Shipbuilding with delivery scheduled between August 2014 and October 2015. The four contracts signed with Fujian Mawei are reported to be the largest single order received by Mawei in its 150-year history.
STXM recently signed the engineering contracts with the shipyard to provide the updated design package for each vessel based on the minor modifications to CSS Olympia.
MAC is a private shareholding company with offices in Dubai and Singapore. It focuses its efforts and expertise on OSV newbuilding projects.