Mermaid Maritime

Shares in Mermaid Maritime closed 0.5 cents higher, or 3.88% up, at $13.4 cents on Nov 20.

Shareholders can anticipate several positive developments from Mermaid Maritime in the near to medium term

The offshore wind industry has largely remained sheltered from global macroeconomic uncertainty as countries continue to pursue 2030 energy targets.

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