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Mermaid Maritime secures multiple projects with combined value of up to US$265 mil

Felicia Tan
Felicia Tan7/19/2022 10:43 PM GMT+08  • 2 min read
Mermaid Maritime secures multiple projects with combined value of up to US$265 mil
These projects are expected to contribute positively to the group’s EPS and NTA for the FY2022 and beyond.
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SGX-listed Mermaid Maritime, on July 19, announced that its subsidiaries in Thailand, the Middle East and the UK have secured multiple project awards with a combined value ranging between US$175 million ($244.4 million) to US$265 million.

The project awards include cable laying installation, inspection, repair and maintenance, decommissioning, and a bouquet of related services.

Work on the projects has already begun and is slated to be completed in late 2025.

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