Mermaid Maritime targets North Sea market

Thailand’s offshore vessel operator Mermaid Maritime has incorporated a subsidiary in the UK with an intention to provide its services in the North Sea.

Mermaid said on the 9^th February that it had incorporated an indirect wholly owned subsidiary, Mermaid Subsea Services (UK) Limited (MSS UK), in the United Kingdom on the 7^th February.

The company intends to use MSS UK as a vehicle to expand the provision of its subsea and related services into the North Sea sector.

The subsidiary is 100% held by Mermaid Subsea Services (Thailand) Limited, which is in turn wholly owned by Mermaid Maritime.

Mermaid said that the incorporation of MSS UK was funded using internal resources.

Source: Offshore Energy Today