Mermaid Maritime

Whiley says his background in the military has helped in planning Mermaid's movements.

Mermaid Maritime COO Paul Whiley sees the decommissioning of offshore oil rigs as a 'sunrise business' in the next 30 to 40 years.

Offshore and marine companies have rallied with the stability of oil prices, but a clean energy future looks the way forward.

The proceeds from the loan facility from the Export-Import Bank of Thailand will be used to reimburse the acquisition of a vessel.

The subsea sector's uptick saw Mermaid Maritime's revenue increase 29.5% y-o-y to US$85.2 million during the quarter.

Downstream companies like Mermaid Maritime and Sembcorp Marine have just started to react to the higher oil prices.

SINGAPORE (Dec 31): Shares in Mermaid Maritime dived 9.9% to 13.6 cents by the mid-day break on Tuesday, after the group announced that associate company Asia Offshore Drilling (AOD) has secured contract extensions for two of its three jack-up drilling ri

SINGAPORE (May 30): Mermaid Maritime has disposed of its MTR-1 barge and MTR-2 tender assist drilling rig to Star Matrix for a total of US$3.8 million ($5.1 million).

SINGAPORE (Dec 20): Mermaid Maritime has entered into an agreement to acquire a 49% interest in Cambodian company PTGC Co. for US$19.7 million ($26.5 million).

SINGAPORE (Nov 16): CIMB is maintaining its “reduce” call on Mermaid Maritime with a target price of 14 cents, as the group’s 3Q17 results were largely below expectations.