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Home Company Profile Mermaid Maritime Public Company Limited
Company Profile

Mermaid Maritime Public Company Limited Company Profile

Vinayak Bali Published 02 Jun 2025 Updated 02 Jun 2025

Company Profile

Mermaid Maritime Public Company Limited Basic Information, Manufacturing Base, Sales Area, and Competitors

  • Sr. No.
  • Item
  • Description
  • 1
  • Company Name
  • Mermaid Maritime Public Company Limited
  • 2
  • Website
  • www.mermaid-group.com
  • 3
  • Established Date
  • 1983
  • 4
  • Headquartered
  • Thailand
  • 5
  • Market Position/ History
  • Mermaid Maritime Public Company Limited company was established in the year of 1983. The company’s headquarter is located in the Thailand.
  • The company initially operated as a local provider of marine and offshore services, gradually expanding its capabilities in response to the growing demands of Southeast Asia’s offshore oil and gas industry. In 2005, Mermaid Maritime underwent a significant restructuring and corporate repositioning, leading to its successful listing on the Singapore Exchange (SGX) in 2007, marking a milestone in its regional expansion strategy.
  • 6
  • Sales Area
  • Worldwide
  • 7
  • Manufacturing Location
  • Thailand
  • 8
  • Ticker
  • SGX: DU4
  • 9
  • Ownership Type
  • Private
  • 10
  • Contact Information
  • 26/28-29, Orakarn Building 9th Floor, Soi Chidlom Ploenchit Road, Lumpinee, Pathumwan, Bangkok 10330, Thailand
  • Tel: +662-255-3115

Business Segment or Overview

  • Mermaid Maritime Public Company Limited is a leading international provider of subsea and offshore services, primarily catering to the oil and gas industry. The company's operations are organized into two main segments: the Subsea Group and the Holding segment.
  • Subsea Group: The Subsea Group is the core revenue-generating segment of Mermaid Maritime. It offers a comprehensive suite of services, including inspection, repair, and maintenance (IRM); infrastructure installation support; remotely operated vehicle (ROV) support; and cable and flexible pipe laying services. The company also provides offshore survey, positioning, and subsea inspection solutions tailored to various project requirements. As of December 31, 2023, the subsea fleet comprises eight subsea support vessels, five of which are specialized dive support vessels, and one specialized shallow water cable- and flex-lay vessel. Additionally, the fleet includes 13 ROV systems, encompassing deep water and ultra-deep-water heavy construction class systems. 
  • Holding Segment: The Holding segment encompasses the company's corporate functions and investment activities. While it does not directly contribute to revenue generation, this segment supports the overall strategic direction and governance of the company. 
  • Mermaid Maritime's services are delivered through its subsidiaries, Mermaid Subsea Services (Thailand) and Mermaid Subsea Services (International) Ltd., both operating under the unified brand "Mermaid Subsea Services." The company maintains a strong presence in key regions, including Southeast Asia, the Middle East, and the North Sea, with Saudi Arabia being a significant contributor to its income. 
  • Mermaid Subsea leverages advanced Saturation Diving techniques as a key part of its comprehensive subsea service offerings. This capability enables the company to safely and efficiently carry out complex underwater operations at significant depths for extended periods. Used primarily for inspection, repair, maintenance (IRM), infrastructure installation, and salvage support, their saturation diving services are handled by highly trained dive teams and supported by specialized dive support vessels, ensuring operational excellence in challenging offshore environments.
  • The company combines Saturation Diving with remotely operated vehicles (ROVs) and air/mixed gas diving to offer clients flexible, reliable solutions for both routine subsea operations and emergency call-outs. This integrated approach allows Mermaid Subsea to handle deepwater projects, subsea engineering, and urgent repair works with speed and precision, reinforcing its position as a trusted partner for offshore energy operators across the Asia Pacific, Middle East, and North Sea markets.
Vinayak Bali  
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in…
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Profile Details

  • Author Vinayak Bali
  • Published 02 Jun 2025
  • Last Updated 02 Jun 2025
  • Reading Time~5 minutes
  • CoverageSWOT, Financials, Key Employees, History

Table of Contents

    • 1.1 About Mermaid Maritime Public Company Limited
    • 1.2 Key Facts
    • 1.3 Key Employees
      • 1.3.1 Key Employee Biographies
    • 1.4 History
    • 1.5 Locations & Subsidiaries
      • 1.5.1 Head Office
      • 1.5.2 Other Locations & Subsidiaries
    • 2.1 Company Overview
    • 2.2 Business Segments
    • 2.3 R&D Overview
    • 2.4 Brands
    • 2.5 Key Company Statistics
    • 2.6 Key Financials (2015–2019)
    • 2.7 Share Holder Analysis
    • 2.8 Regional Presence
    • 2.9 Services Offered
    • 3.1 Strengths
    • 3.2 Weaknesses
    • 3.3 Opportunities
    • 3.4 Threats
    • 3.5 Key Competitors
    • 4.1 Company Metrics
    • 4.2 Key Investors
    • 4.3 Recent Funding & Valuation
    • 4.4 Historical Funding & Valuation
    • 5.1 Acquisitions
    • 5.2 Partnerships
    • 6.1 Latest News & Announcements
    • 6.2 Strategic Initiatives
    • 7.1 Summary of Findings
    • 7.2 Strategic Recommendations

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