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Mermaid Maritime Clinches $125M Contract Extension

Mermaid Maritime Clinches $125M Contract Extension

Mermaid Maritime Public Co., Ltd. (SG:DU4) has released an update.

Confident Investing Starts Here:

Mermaid Maritime Public Co., Ltd. has successfully secured a lucrative one-year contract extension worth approximately $125 million for subsea services in the Middle East with a national oil and gas company. This extension reaffirms the company’s continuous provision of diving services and offshore vessel support through its joint venture since 2012, cementing its strategic presence and fostering stable revenue for growth in the region.

For further insights into SG:DU4 stock, check out TipRanks’ Stock Analysis page.

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