FAMA GROUP OF COMPANIES
SHIPYARDS OFFSHORE DIVISION

Salvage of M/V Edro III Shipwreck
10/01/2013

FAMA was awarded together with Germany's CIMEXTA Vessel Salvage Company ( www.cimexta.de ), the contract for M/V Edro III, that was grounded off the coast of Paphos in Cyprus. Completion of Stage one of the project, consisted of the safe removal of all diesel, hydrocarbons & marine pollutants onboard the vessel, & to watertight the hull. Stage 2 of the project was to prepare all necessary precedures to remove and salvage the vessel. All underwater studies and preparations were made, divers and tug boats standby, but authorities would not and still do not, give the green light for the project to proceed in removing the vessel due to discrepancies over the ship's insurance policy.
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