Search results for: mermaid asiana

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  • 17 June 2019
    Business & Finance

    Subsea services provider Mermaid said it has entered into a facility agreement with the Export-Import Bank of Thailand to loan up to USD 65 million. With this deal Mermaid aims to to extend the financing two vessels the Mermaid Endurer and Mermaid Asiana, for a further period of five years with the same lender. The […]

  • 19 November 2009

    The application of diesel electric technology gives a remarkable flexibility to vessels in the larger offshore market. In November Singapores ASL Shipyard completed work on the 295-ft by 72-ft diving support vessel Mermaid Asiana. Destined for service in Mermaids extensive Thai fleet, the DP2 classed vessel has redundancies well beyond the basics.

  • 25 September 2017

    Offshore vessel provider Mermaid Maritime has landed a $96 million contract extension in the Middle East with what it described as a “reputable oil major client.” The extension has been awarded to a joint venture company formed between Mermaid Maritime and a local offshore services operator. While the company does not provide more details on […]

  • 14 June 2019

    A subsidiary of offshore vessel provider Mermaid Maritime has entered into a $65 million loan facility agreement with the Export-Import Bank of Thailand (Exim).

  • 25 September 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid’s joint venture company formed between Mermaid and a local offshore services operator in a GCC country in the Middle East has secured a contract extension for offshore inspection, repair and maintenance services with a national upstream oil and gas company following its initial five-year contract period. The contract extension, worth approximately USD 96 million, […]

  • 29 October 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue to provide a suite of diving services using its DP2 saturation dive support […]

  • 25 January 2013
    Business & Finance

    Mermaid Offshore Services Limited (“MOS”) has been awarded another subsea construction services contract in China with China Offshore Oil Engineering Co. Ltd. (“COOEC”).   The contract is scheduled to commence in March 2013 for a duration of approximately six months. Contract revenues are expected to be approximately USD 30 million over this period. The contract […]

  • 8 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    Mermaid Subsea Services (MSS) has increased its shareholding interest in Subtech Saudi Arabia from 70% to 95%. This consolidation took the form of an acquisition by MSS of 30% of the shares in Subtech Saudi Arabia from General Technology & Systems (Gentas) followed by the sale of 5% of the said shares by MSS to […]

  • 29 October 2019
    Business & Finance

    Mermaid Maritime’s joint-venture company with an unnamed offshore services operator has secured a three-year contract extension with a national upstream oil and gas company in the Middle East.

  • 25 January 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business unit Mermaid Offshore Services Limited (“MOS”) has been awarded another subsea construction services contract in China with an existing client, China Offshore Oil Engineering Co. Ltd. (“COOEC”). This contract will be performed utilizing Mermaid’s specialized DP2 Dive Support Vessel ‘Mermaid Endurer’ and other specialized equipment […]

  • 7 November 2014
    Business & Finance

    Mermaid Maritime, a provider of subsea and drilling services for the global offshore oil and gas industry, has chartered in three vessels in the past month to take on new projects, on the back of strong demand for its services. Mermaid Maritime has recently chartered the ‘Siem Daya 2’, an offshore subsea construction vessel to provide […]

  • 7 June 2016
    Business & Finance, Equipment

    Mermaid Maritime, an international subsea and offshore drilling services company, has been awarded six different deals in the Asian region with an estimated aggregate contract value of $15 million.  The contracts were awarded through Mermaid’s subsidiaries, Seascape Surveys and PT Seascape Surveys Indonesia. Mermaid said on Tuesday that the various work scopes include subsea survey, inspection, repair and […]

  • 19 June 2012
    Business & Finance

    Mermaid Maritime Public Company Limited announced the appointment of Mr. Prasert Bunsumpun as its new Chairman of the Board of Directors, as well as the appointments of Mr. Chalermchai Mahagitsiri, Mr.  Joseph Chia, Mr. Ng Cher Yan and Mr. Joachim Toh as new Directors. The appointments of Mr. Prasert Bunsumpun, Mr. Chalermchai Mahagitsiri and Mr. […]

  • 26 November 2013
    Business & Finance

    Mermaid Maritime Public Company Limited (Mermaid) announced that its business units serving the Middle East has recently been awarded a suite of subsea services contracts for air diving services including air diving for pipeline free-span correction and a subsea cable lay contract.  All contract awards were secured through Mermaid’s wholly owned subsidiary Subtech Ltd. (Seychelles) […]

  • 29 January 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business units Mermaid Offshore Services Limited (“MOS”) and Subtech Qatar Diving and Marine Services LLC (“Subtech”) has been awarded a series of contracts from existing clients for the provision of subsea services to support offshore oil and gas fields in the Gulf of Thailand, Sakhalin and […]

  • 20 June 2012
    Business & Finance

    Mermaid Maritime Public Company Limited announced the appointment of Mr. Prasert Bunsumpun as its new Chairman of the Board of Directors, as well as the appointments of Mr. Chalermchai Mahagitsiri, Mr. Joseph Chia, Mr. Ng Cher Yan and Mr. Joachim Toh as new Directors. The appointments of Mr. Prasert Bunsumpun, Mr. Chalermchai Mahagitsiri and Mr. […]

  • 29 October 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime Public Company Limited announced that a new joint-venture company formed between Mermaid and a local offshore services operator has secured a significant long term offshore inspection, repair and maintenance services contract with a reputable client whereby Mermaid will provide a suite of diving services using one of its modern DP2 dive support vessels […]

  • 29 October 2012
    Business & Finance

    Mermaid Maritime Public Company Limited, has announced it has secured a contract with reputable client by joint-venture company formed between Mermaid and local offshore services operator. Contract duration is a minimum of five years plus a two-year option. Total contract value for the five year period is estimated to be approximately US$ 530 million. Mermaid’s […]

  • 26 November 2013

    Mermaid Maritime Public Company Limited has informed that its business units serving the Middle East has recently been awarded a suite of subsea services contracts for air diving services including air diving for pipeline freespan correction and a subsea cable lay contract. All contract awards were secured through Mermaid’s wholly owned subsidiary Subtech Ltd. (Seychelles) […]

  • 26 November 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime Public Company Limited announced that its business units serving the Middle East has recently been awarded a suite of subsea services contracts for air diving services including air diving for pipeline free-span correction and a subsea cable lay contract. All contract awards were secured through Mermaid’s wholly owned subsidiary Subtech Ltd. (Seychelles) and […]

  • 24 December 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime, a provider of subsea and drilling services for the offshore oil and gas industry,  has separately received two commendations from its long-term customers for its exemplary showings in performance and safety standards. In Indonesia, Mermaid’s Indonesian unit received a full score from its customer after successfully completing their 2014 subsea inspection, repair and […]

  • 27 May 2016
    Business & Finance

    Mermaid Maritime has announced that it has, through its subsidiaries, signed seven different subsea contracts and two contract extensions. The contracts were obtained by Mermaid’s subsidiaries Mermaid’s Western Hemisphere (MSSW), Mermaid’s Eastern Hemisphere (MSSE) and associate Asia Offshore Drilling (AOD). Mermaid said on Friday that MSSW has signed seven new subsea project contracts in the Middle […]