Mermaid Maritime Public Company announced that its subsidiaries in Thailand, the Middle East, western Sub Sahara, and the United Kingdom have secured multiple project awards with the combined value of approximately USD 485 Million. The subject project awards include cable laying, subsea pipeline tie-inns, inspection, repair and maintenance, decommissioning, and a bouquet of related services (collectively the Projects) Work on which starts in 2023 and is planned, subject to certain options, to complete in 2025. Barring any unforeseen circumstances, these Projects are expected to contribute positively both to Mermaid Group's earnings per share, and to the net tangible assets holdings of the Group for the financial year ending 31 December 2023 and beyond.
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- Mermaid Maritime Public Company Announces its Subsidiaries in Thailand, Middle East, Western Sub Sahara, and United Kingdom Secure Multiple Project Awards with Combined Value of Approximately USD 485 Million