Mermaid Maritime

SINGAPORE (Nov 16): Fincantieri S.p.A., the 55.6% shareholder of Vard Holdings, has announced a voluntary conditional cash offer for the remaining shares in Vard at 24 cents, and DBS Group Research recommends shareholders accept the offer.

SINGAPORE (Nov 14): Fincantieri S.p.A., the 55.6% shareholder of Vard Holdings, has announced a voluntary conditional cash offer for the remaining shares in Vard at 24 cents, and DBS Group Research recommends shareholders accept the offer.

SINGAPORE (Oct 7): UOB Kay Hian is maintaining its “underweight” call for the offshore and marine sector citing flat capex from oil majors despite improved sentiment from OPEC cuts.

SINGAPORE (Sept 30): CIMB is maintaining its “underweight” call on the Offshore & Marine sector despite the proposed cut in production by the Organization of Petroleum Exporting Countries (OPEC) announced on Friday.

SINGAPORE (Sept 5): Mermaid Maritime says it has not sold its DP2 multipurpose subsea dive support and construction vessel (DSCV) to Ultra Deep Solutions, contrary to an article published on Sept 1 in the Petrodaily Subsea International Edition.

SINGAPORE (Aug 10): Mermaid Maritime saw 2Q earnings drop by 50.3% to US$7.7 million ($10.3 million) on the back of lower revenue.

SINGAPORE (June 14): Mermaid Maritime says its Indonesian business unit PT Seascape Surveys Indonesia has entered into a one-year charter-in contract with PT Nusa Perkasa Permai for a DP2 dive support vessel (DSV), the Mermaid Nusantara.

SINGAPORE (June 10): CIMB is keeping its “add” recommendation for subsea and drilling services provider Mermaid Maritime, but cutting its target price to 16 cents from 23 cents previously.

SINGAPORE (June 7): Mermaid Maritime announced it has clinched six subsea contracts worth US$15 million ($20.3 million).

SINGAPORE (June 3): Following Otto Marine’s June 2 announcement that it might receive an acquisition offer from a yet-to-be-named party, CIMB has drawn up a list of other names in the offshore and marine space that will likely figure in various other co