MMA Offshore makes 13 staff redundant

MMA Offshore makes 13 staff redundant

Sydney: Plummeting commodity prices are seeing redundancies soar Down Under. MMA Offshore, formerly known as Mermaid Marine, is letting go of 13 workers at its Dampier supply base, which is linked to Chevron’s Gorgon LNG project. On the back of the weak oil price MMA’s share price has hit eight-year lows recently of just A$0.685.

The company owns and operates a fleet of over 60 modern offshore vessels, two Australian oil and gas supply bases and two international onshore facilities in Southeast Asia. It bought Singapore’s Jaya Holdings last June just as the oil price was about to collapse.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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