MMA Offshore Limited (ASX:MRM)

David Ross
Market Cap (AUD): 216.21M
Sector: Energy
Last Trade (AUD): 0.59 +0 (+0%)
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1. About

MMA Offshore (ASX:MRM) specialises in providing marine solutions and expertise to the offshore oil and gas industry.

Established in 1989 and listed on the Australian Securities Exchange in 1999, MRM soon became one of the largest marine service providers in the Asia Pacific Region. Expanding its presence into South East Asia in 2006 and into the Middle East in 2015.

Today the company employs just over 880 people including onshore personnel and a pool of qualified seafarers and offshore marine personnel. MRM’s workforce is as diverse as its operations with employees representing 22 different nationalities.

MRM owns and operates 30+ offshore vessels capable of supporting marine and subsea projects. With an average age of five years, the fleet boasts modern technologies, efficient propulsion systems and reliable tonnage capacities. With offshore support vessels operating in Australia, South East Asia, India, Africa and the Middle East, MMA is a vessel operator with global presence.

Supporting vessel activity is MRM’s onshore support facilities. The facilities, located in Singapore and Batam, provide marine logistics support to activity in the South East Asian region. 

MRM’s operating strategy centres on creating marine partnerships with its clients – irrespective of charter duration or scope of work. The company recognises each charter presents a unique risk profile, operating requirement and compliance regime.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk