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Mermaid Maritime PCL (MMPC.SI)

MMPC.SI on Stock Exchange of Singapore

0.22SGD
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Mermaid Maritime says vessel under construction cancelled by mutual agreement
Wednesday, 7 Dec 2016 05:09am EST 

Mermaid Maritime Pcl : (Mermaid's Newbuild Subsea Vessel Under Construction Cancelled By Mutual Agreement) . mutually entered into a settlement agreement to terminate construction contract for vessel effective 6 december 2016 . Settlement also ensures that owner shall have no obligation to pay balance payment .us$ 124.8 million is balance of contract which would have been due to builder upon delivery of vessel pursuant to contract.  Full Article

Mermaid Maritime says Raza Ullah Khan resigns as CFO
Friday, 14 Oct 2016 06:25am EDT 

Mermaid Maritime Pcl :Cessation of Raza Ullah Khan as chief financial officer.  Full Article

Mermaid Maritime PCL appoints Vincent Siaw as executive vice president and COO
Tuesday, 9 Aug 2016 06:35am EDT 

Mermaid Maritime PCL : Says appointment of Vincent Siaw as executive vice president and chief operating officer .  Full Article

Mermaid Maritime appoints Raza Ullah Khan as CFO
Monday, 8 Aug 2016 11:01am EDT 

Mermaid Maritime PCL : Public co ltd (appointment of chief financial officer) . Appointment of Raza Ullah Khan as Chief Financial Officer .  Full Article

Mermaid Maritime says associate has secured contract extension from Saudi Aramco for jack-up drilling rigs
Thursday, 28 Jul 2016 07:26pm EDT 

Mermaid Maritime PCL : Mermaid's associate Asia offshore drilling limited secures contract extensions for jack-up rigs) . Extensions are in direct continuation of the current contracts and will add approximately US$225 million in contract backlog . Performance by the company of the contracts would have had a material adverse effect on the earnings per share" . Secured 3-year contract extension from Saudi Aramco for the jack-up drilling rigs aod i and aod II expiring in June 2019 and July 2019, respectively .  Full Article

Mermaid Maritime's unit bags technical support services contract
Wednesday, 13 Jul 2016 06:26am EDT 

Mermaid Maritime PCL : Public co ltd (Mermaid awarded technical support services contract for Asian and Middle East region) . Says estimated potential contract value of USD 5.8 million . Mermaid subsea services (Thailand) ltd. awarded contract to provide technical support service personnel to national offshore oil and gas engineering co . Contract would have had a non-material effect on EPS and nta for that financial year .  Full Article

Mermaid Maritime says its Indonesian business entered into one year charter-in contract
Tuesday, 14 Jun 2016 06:32am EDT 

Mermaid Maritime PCL : Indonesian business unit Pt Seascape Surveys Indonesia has entered into one year charter-in contract with Pt Nusa Perkasa Permai .  Full Article

Mermaid Maritime says Mermaid secures additional subsea contracts
Friday, 27 May 2016 06:16am EDT 

Mermaid Maritime PCL : Public co ltd (Mermaid secures additional subsea contracts, remains resilient to market conditions) . Estimated aggregate contract value of USD 11 million .  Full Article

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