Mermaid Maritime secures Singapore subsea contract

Thailands’s Mermaid Maritime has been awarded a subsea contract with an estimated value of $5m.

The contract involves use of a company’s self-owned ROV support vessels and a chartered-in ROV support vessel to carry out an air diving job to clamp and repair a pipeline offshore Singapore for an international upstream oil and gas company.

The work is scheduled to commence in the third quarter of 2017 and is expected to be competed in the fourth quarter.

Mermaid said it is the first time that it secured work of this kind in Singapore and it is in line with its strategy to secure new customers in new markets.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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