Search results for: mma

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  • 7 November 2019
    Business & Finance

    Australian offshore support vessel company MMA Offshore has completed the acquisition of the business of Neptune Marine Services by acquiring its key operating subsidiaries.

  • 12 November 2019
    Business & Finance, Operations & Maintenance

    MMA Offshore has completed the acquisition of the business of Neptune Marine Services by acquiring its key operating subsidiaries. The final purchase consideration of A$18.5 million comprised A$5.0 million in cash and the issue of 67.6 million MMA shares to Neptune Marine Services at an issue price of A$0.20 per share, representing 7.3% of the […]

  • 7 July 2017

    Australian offshore vessel owner MMA Offshore has completed the sale of its Dampier Supply Base to Toll Group. MMA Offshore will used the net proceeds from the sale of the supply base to reduce debt. Also, the sale of MMA’s 50% share of the Toll Mermaid Logistics Broome Supply Base to Toll completed on April 28, […]

  • 6 July 2020
    Business & Finance

    Australian offshore contractor Neptune Marine Services has been rebranded to MMA Offshore. This follows MMA’s acquisition of Neptune in November last year. The ASX-listed firm wrapped up the acquisition for the final purchase consideration of A$18.5 million. MMA said the rebrand will enable the combined business to provide a streamlined service moving forward. The company […]

  • 24 July 2019
    Business & Finance

    Australian offshore support vessel company MMA Offshore is set to buy its compatriot offshore services provider Neptune Marine Services.

  • 5 June 2014
    Business & Finance

    Mermaid Marine Australia Limited (MMA) has confirmed that it has now completed the acquisition of all the subsidiaries of Jaya Holdings Limited. The acquisition adds 27 modern offshore vessels to MMA’s fleet as well as two strategically located onshore facilities in Singapore and Batam, Indonesia. In line with MMA’s five year strategy, the acquisition expands the […]

  • 5 June 2014
    Business & Finance, Project & Tenders

    Mermaid Marine Australia Limited has confirmed that it has now completed the acquisition of all the subsidiaries of Jaya Holdings Limited. The acquisition adds 27 modern offshore vessels to MMA’s fleet as well as two strategically located onshore facilities in Singapore and Batam, Indonesia. In line with MMA’s five year strategy, the acquisition: – Expands the […]

  • 10 November 2015
    Business & Finance

    MMA Offshore Limited, a marine services provider, has been awarded a contract by Woodside Energy valued at approximately A$50 million ($35.24M). According to MMA’s press release from Monday, the company will provide three vessels to support Woodside’s offshore Northwest Shelf, Pluto and AusOil production assets in Australia’s North West region. The three vessels to be […]

  • 24 July 2019
    Business & Finance, Project & Tenders

    MMA Offshore has entered into an agreement to acquire the business of Neptune Marine Services Limited, a provider of topside and subsea inspection, maintenance and repair solutions to the oil and gas, marine and renewable energy industries. The purchase consideration, which is expected to total approximately AUD 18.5 million, would comprise AUD 5.0 million cash […]

  • 18 November 2019
    Business & Finance

    Australian offshore support vessel company MMA Offshore has been awarded a number of new contract awards and extensions.

  • 10 March 2014
    Project & Tenders, Vessels

    Mermaid Marine Australia has been awarded a contract for two PSV’s for long-term production support operations with INPEX Operations Australia. MMA will operate two newbuild Vard 1 08 PSV’s for the INPEX-operated Ichthys LNG Project with a fixed term of 5 years fixed plus two x five year options. The PSV’s will be built in Asia to […]

  • 17 August 2011
    Business & Finance

      The Directors of Mermaid Marine Australia Ltd announced another year of strong earnings growth. Net Profit after Tax (NPAT) for the year increased by 37% to $43.2 million and Earnings per Share (EPS) increased by 24% to 21.1c per share . The Directors also announced a final dividend of 5c per share taking the […]

  • 5 June 2014
    Business & Finance

    Mermaid Marine Australia Limited has completed the acquisition of all the subsidiaries of Singapore’s offshore ship supplier Jaya Holdings Limited. The acquisition adds 27 modern offshore vessels to MMA’s fleet as well as two strategically located onshore facilities in Singapore and Batam, Indonesia.  The value of the deal is estimated at around 625 million Singapore dollars […]

  • 28 March 2018
    Business & Finance

    MMA Offshore has been awarded two new term contracts, which will see several of its vessel operate offshore Australia and Côte d’Ivoire.

  • 17 August 2011

    The Directors of Mermaid Marine Australia Ltd announced another year of strong earnings growth. Net Profit after Tax (NPAT) for the year increased by 37% to $43.2 million and Earnings per Share (EPS) increased by 24% to 21.1c per share . The Directors also announced a final dividend of 5c per share taking the full […]

  • 21 November 2019
    Business & Finance

    Oversupply of offshore vessels in the market is overstated, and the market is tightening, Australian OSV player MMA said Thursday. The company also expects an increase in demand for its services in its key regions of operations. In a statement prepared for its AGM of shareholders, MMA said its returns on assets, while significantly below […]

  • 18 December 2015
    Business & Finance

    MMA Offshore Limited (MMA) has been awarded a five-year contract for its platform supply vessel (PSV) by ConocoPhillips. The Contract will see MMA’s PSV “Mermaid Inscription”, provide platform supply and static tow services in support of ConocoPhillips’ operations at its Bayu Undan facility located in the Timor Sea, 500km north-west of Darwin and 250km south […]

  • 20 April 2020
    Business & Finance

    MMA Offshore has won a contract with a top tier construction contractor to support foundation installation for an offshore wind farm project off the coast of Taiwan. Commenting the latest news, MMA Managing Director, David Ross, said: “Expanding our service offering into supporting the renewable sector is a key step in executing our growth strategy.”  […]

  • 14 January 2020
    Business & Finance

    Australian offshore support vessel company MMA Offshore has confirmed the appointment of a new managing director of the company.

  • 27 May 2019

    The Australian offshore support vessel operator MMA Offshore sees an improvement in OSV market, but it’s still the early stage.

  • 4 July 2019
    Business & Finance

    Australian marine contractor MMA Offshore has appointed David Ross as its new chief executive officer with effect from 1 July 2019. Ross (previously the company’s deputy CEO) will succeed Jeffrey Weber and will initially be based in Singapore. Weber will remain as managing director, based in Australia, until the conclusion of the company’s 2019 annual […]

  • 24 December 2013

    The Directors of Mermaid Marine Australia Limited has been awarded a contract by Woodside to support the extensive drilling campaign to be undertaken by the drillship, Deepwater Millennium, off the coast of Australia. The charter is in respect of MMA’s newest Platform Supply Vessel (PSV), the “Mermaid Leeuwin”. The “Mermaid Leeuwin” is an 82m STX […]