- Marine services provider MMA Offshore (MRM) has secured three new offshore wind contracts in Taiwan
- Under the contracts, MMA will supply its MMA Pride, MMA Crystal and MMA Responder vessels
- The contracts are expected to increase the company’s revenue by $7 million
- Operations for the MMA Pride and MMA Crystal are scheduled to begin in April with the MMA Responder for later in June
- MMA is up 3.17 per cent on the market and shares are trading at 32.5 cents
Marine services provider MMA Offshore (MRM) has secured three new offshore wind contracts in Taiwan.
These contracts have firm periods totalling 270 days and additional option periods totalling 118 days.
Additionally, the contracts increase MMA’s revenue by $7 million.
The MMA Pride vessel will provide accommodation and walk to work services at the Changhua wind farm.
Built in 2013, the MMA Pride provides accomodation to large offshore projects.
The MMA Crystal vessel will support a pre-installation noise survey for the development of the Formosa 2 wind farm.
MMA’s Crystal vessel is often used for ocean tow scopes between Australia and Asia.
Finally, the MMA Responder vessel will also support noise reduction for turbine installation work on the Changing and Xidao wind farm project.
The MMA Responder vessel was built in 2015 to provide safe and efficient support to offshore operations.
Operations for the MMA Pride and MMA Crystal are scheduled to begin in April with the MMA Responder for later in June.
“We are extremely pleased to secure these contract which further establish MMA’s presence in servicing our offshore wind market clients in Taiwan,” Managing Director David Ross said.
“This is a key strategic focus area for the business as we diversify our service offering into supporting the growing offshore renewables market,” he added.
MMA is up 3.17 per cent on the market and shares are trading at 32.5 cents at 1:20 pm AEDT.