mermaid maritime

Brokers’ take: Lim & Tan positive on Mermaid Maritime’s growth outlook; initiates with ‘buy’

LIM & TAN Securities initiated coverage on marine logistics company Mermaid Maritime with a “buy” call and a target price of S$0.30 on Wednesday (Jul 3).

As part of the contract extension, Mermaid's joint venture will provide offshore inspection, repair and maintenance services to a national upstream oil and gas company.

Mermaid Maritime bags Middle East contract extension worth US$125 million

Separately, it says criminal charges unrelated to the company were filed against its director in the Thai courts

Although newly appointed IMO secretary-general Arsenio Dominguez has worked at the agency for many years, he has been signalling very strongly that things are going to be different.
STRAIT TALK

IMO’s Arsenio Dominguez is comfortable talking the talk

THERE was a time when any press event at the London headquarters of the International Maritime Organization (IMO) would pull in the same, now rather dwindling, band of shipping journalists – including...

These contracts are also expected to contribute positively to Mermaid Maritime’s earnings per share and net tangible assets holdings for this fiscal year ending Dec 31, 2023, and beyond.

Mermaid Maritime units win projects worth US$485 million

MERMAID Maritime’s subsidiaries in Thailand, the Middle East, the western sub-Sahara, and the United Kingdom have been awarded multiple projects valued at US$485 million in total.

Work on the projects won by Mermaid Maritime has started and is slated to be done in late 2025, subject to certain options, said the group.

Mermaid Maritime units bag projects worth US$265m in total  

SUBSEA-services provider Mermaid Maritime’s subsidiaries in Thailand, the Middle East and the UK have been awarded multiple project valued at US$265 million in total, the company said in a bourse fili...

Mermaid Maritime unit charters vessel for two years, has lined up subsea contracts

Mermaid Maritime unit charters vessel for two years, has lined up subsea contracts

MERMAID Maritime's subsidiary, Mermaid Subsea Services (International) (MSSI), has entered into a two year charter-in contract for a DP2 diving support construction vessel (DSCV), of which it has alre...

STI ends mostly unchanged; SGX shares jump 5%

STI ends mostly unchanged; SGX shares jump 5%

SINGAPORE stocks ended Friday broadly unchanged, amid a mixed performance across the region.

STI ends Friday barely changed at 2,497.71, shares in SGX up more than 5 per cent

STI ends Friday barely changed at 2,497.71, shares in SGX up more than 5 per cent

SINGAPORE stocks ended Friday broadly unchanged, amid a mixed performance across the region.

Mermaid Maritime unit to invest 77.5m baht for stake in AI, robotics JV

Mermaid Maritime unit to invest 77.5m baht for stake in AI, robotics JV

THAILAND-BASED oil service specialist Mermaid Maritime Public Co's wholly-owned subsidiary will invest 77.5 million baht (S$3.4 million) for a 50 per cent stake in a new joint venture (JV).

Mermaid Maritime exits Seadrill offshore drilling venture for US$31m

Mermaid Maritime exits Seadrill offshore drilling venture for US$31m

THAILAND-BASED oil service specialist Mermaid Maritime Public Co will sell its 33.76 per cent stake in Asia Offshore Drilling (AOD) for US$31 million in cash.