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Mermaid Marine Australia Ltd News

06 Aug 2014

Jaya Delivers AHTS Vessel for Mermaid Marine

Jaya Majestic

Offshore marine services provider Jaya, now part of Mermaid Marine Australia Ltd. (MMA), today delivered Jaya Majestic, a new state-of-the-art anchor handling tug supply (AHTS) vessel into MMA’s international fleet. Jaya Majestic was built at the company’s Singapore shipyard and is the first vessel to be delivered following the acquisition of 100% of Jaya Holdings’ subsidiaries by MMA earlier this year. MMA is Australia’s largest marine services provider to the offshore oil and gas industry.

25 Feb 2014

Mermaid Marine to Buy Jaya Offshore Businesses

Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd. for $495.96 million in cash to expand its international portfolio. Mermaid Marine, a Perth-based company which provides vessel and supply base services to offshore oil and gas explorers, will expand its scale in the Southeast Asian and Middle Eastern markets through the acquisition, the company said in a statement. The acquired businesses include 27 vessels currently operating in South East Asia, the Middle East and East and West Africa, two shipyards in Indonesia and Singapore, and a new build pipeline of six vessels for delivery by 2015.

21 Aug 2009

Drydocks World Delivers 5 Vessels

Drydocks World – Southeast Asia Pte. Limited (DDW-SEA), the Southeast Asian subsidiary of Drydocks World, announced the deliveries of vessels Endeavor, Greatship Ahalya, Mermaid Vision and Ark Dartmoor from their Drydocks World – Nanindah yard and Armada Tuah 104 from their Drydocks World – Pertama yard. The Endeavor, a fully pneumatic self discharge cement carrier designed by Shiptech Pte. Ltd. was delivered to Endeavor S.N.C., a subsidiary of Setaf Saget of France, a company of the Bourbon Group.

21 Dec 2006

Mermaid Marine to Merge with P&O Maritime Services

Mermaid Marine Australia Ltd will merge with Dubai Ports World subsidiary P&O Maritime Services Pty Ltd through a share-trading arrangement. Mermaid will issue 221.9 million shares to DP World in return for 100 per cent of the shares in P&O Maritime Services Ltd and P&O Polar Australia Pty Ltd, subject to shareholder approval. The deal will result in DP World owning 60.4 per cent of Mermaid, with existing shareholders holding the remaining 39.4 per cent. Mermaid will also assume an additional $40 million of net debt initially in the form of debt due to DP World as part of the transaction. Mermaid directors said in a statement that the proposed merger would create a highly attractive business diversified across a range of maritime services…