Joint Venture Formed By Taylor And Hydrospace

Taylor Diving & Salvage Company, Inc. Belle Chasse, La., has entered into a joint venture with a N e w f o u n d l a n d - b a s e d diving company to establish the firm of Hydrospace Marine Services.

Taylor Diving president Ken Wallace joined with Bill Lukeman and Max Ruelokke, partners in Hydrospace Engineering of St.

Johns, in announcing formation of the new company, which is geared to provide a complete range of diving services for the rapidly expanding offshore industry in Canada's Maritime Provinces.

H y d r o s p a c e Engineering, the Canadian joint venture partner, has been a major factor in marine engineering and diving in Newfoundland/Labrador since 1974, while Taylor's position as a leader in diving technology and techniques is well-known to companies and contractors worldwide.

At present, Taylor is providing training for Hydrospace divers at its headquarters in Belle Chasse and various offshore locations. In addition, the joint venture will have access to Taylor's large inventory of saturation diving, RCV, and h y p e r b a r i c welding equipment.

In a joint statement, Messrs.

Lukeman, Ruelokke, and Wallace s a i d : "By drawing on the strengths and resources of the joint venture partners, Hydrospace can successfully complete projects of varying magnitude and complexity."

Maritime Reporter Magazine, page 28,  May 15, 1980

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.