MMA Offshore Ltd. provides marine services to the offshore oil and gas industry. The company is headquartered in Perth, Western Australia and currently employs 1,100 full-time employees. The firm operates through three segments: Vessel Services, Subsea Services and Project Logistics. The Vessel Services segment is engaged in the provision of specialized offshore support vessels. The Subsea Services segment provides services to companies operating in subsea environments including inspection, maintenance, and repair. The Project Logistics segment is involved in the project management of large marine spreads and complex marine logistics. The firm owns and operates approximately 20 offshore vessels capable of supporting a range of offshore marine, renewables, and subsea projects. Its assets serve a range of work scopes from subsea construction and maintenance, through to ongoing production support and towing operations.
MMA Offshore (ASX: MRM)
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Here are the latest articles on MMA Offshore (ASX: MRM)
MMA Offshore increases FY24 earnings guidance amid Cyan takeover bid
June 13, 2024
Marine and subsea solutions company MMA Offshore (ASX: MRM) has been up and up, providing positive earnings guidance while negotiating a takeover. Its earnings visibility and performance across the second half have continued to improve. The Company’s FY24 financials follow a solid FY23, which also saw a stronger-than-expected second half. MMA Offshore secured several positive
Weak rain, strong financials for MMA Offshore, forecasts 100% earnings increase
July 17, 2023
While many companies in Southeast Asia would be disappointed at the paucity of rain, marine and subsea solutions company MMA Offshore (ASX: MRM) is nothing but grateful. The Company forecasts that its Earnings before Interest Tax Depreciation and Amortisation (EBITDA) for FY23 will fall within the range of $66 to $68 million, reflecting a substantial
MMA wins $45m worth of contracts to support wind farm developments in Taiwan
March 3, 2023
With the global offshore wind farm industry forecast to grow in the coming years, companies are getting in early to win big. Marine and subsea solutions company MMA Offshore (ASX: MRM) is one of them, having bagged three contracts to support offshore wind farm developments in Taiwan during 2023. Spanning 370 days, the contracts will
MMA Offshore secures $23m contract for underwater infrastructure in Qatar
May 11, 2022
When it comes to offshore services, time spent at dock is time wasted but comfortably on top of that, MMA Offshore (ASX: MRM) is set to deploy MMA Pinnacle to Qatar within just weeks of finishing another 3-year offshore contract. The new deal is valued at $23 million with MMA to provide offshore construction support
MMA capitalises on East Asia clean energy push with $7m wind farms contract
March 26, 2021
Marine construction specialists MMA Offshore (ASX: MMA) has secured three contracts for a range of offshore wind farm services where they will mobilise three vessels off the coast of Taiwan. East Asia has emerged as a core focus for MMA’s offshore services where the region is making a concerted effort to improve its clean energy
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