MMA Offshore Ltd (ASX:MRM)
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Analyst Recommendation


Mermaid Marine Australia Limited (MMA) is engaged in the provision of marine logistics and supply base services throughout all phases of the oil and gas development cycle. The Company operates in three segments: Vessels, Supply Base and Slipway. The Company operates approximately 40 vessels throughout Australia and internationally. It operates a fleet of vessels, which includes anchor handling tugs; anchor handling tug supply (AHTS) vessels; platform supply vessels; multi-purpose survey vessels; harbor tugs; barges; and accommodation vessels. MMA’s Dampier Slipway is located at the Dampier Supply Base and is capable of docking vessels up to 3,200 tons displacement. MMA operates supply bases in Dampier and Broome. Spanning 28 hectares, its Dampier Supply Base has a six berth wharf facility, open sealed lay down areas, undercover storage and offices capable of servicing the array of vessels engaged in offshore support activities.

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