Mermaid

Mermaid has been awarded additional contracts worth US$30m, which involves subsea services contracts for air diving services, which includes air diving for pipeline free span correction and a subsea cable lay contract. Gels well with its recent outperformance, and if mermaid is able to surprise on their upcoming results, could potentially see further upside. The subsea cable lay contract will utilize a chartered in DP2 construction barge, which is the latest addition to Mermaid’s fleet to serve its expanding customer base and requirements in the Middle East.