Thursday, November 30, 2023
HomeHeadlinesMMA wins contracts for offshore windfarm services


To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

MMA wins contracts for offshore windfarm services

MMA has been awarded three contracts supporting offshore windfarm developments in Taiwan during 2023.

The three contracts, with firm periods totalling 370 days, will increase the Company’s contracted revenue by a total of approximately A$30 million and provide for additional potential revenue of approximately A$15 million (from 180 days in additional option periods).

In March 2023 the MMA Pinnacle will mobilise from Singapore to Taiwan to support Seaway 7 on a windfarm development project. MMA will utilise a combination of MMA’s vessel and subsea services to deliver a range of work scopes such as cable installation, ROV and survey operations. The contract is for a firm period of 180 days with 90 days in extension options.

The MMA Prestige will provide walk to work accommodation support services for wind turbine maintenance operations in Taiwan. The contract is expected to commence in the second quarter of 2023 for a firm period of 130 days with a further 60 days in extension options.

The MMA Crystal with its integrated ROV, survey spread and A-Frame has also been contracted to undertake cable trenching and survey support services. This integrated support contract is expected to commence in April 2023 for a firm period of 60 days with a further 30 days in extension options.

Commenting on the three contracts, MMA’s Managing Director, Mr David Ross, said: “We are extremely pleased to secure contracts for two of our larger vessels for a material portion of 2023 underpinning utilisation of our MPSV fleet. These contract awards also mark a major milestone in our diversification strategy with offshore wind being a key target market for MMA into the future. We look forward to supporting our clients to deliver successful outcomes on these projects.

“It is also very pleasing to see our Taiwanese flagged vessel, the MMA Crystal, secure an integrated support contract through our local Taiwanese entity MMA Clean Energy. This is an endorsement to our strategic entry into Taiwan to support the growing offshore wind market in the region.”

Related Posts


Finance & Economy
Shipping News

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

A new chapter for Euronav

Euronav shareholders have approved strategic changes at the company ushering in a new era.

TEN Reports Earnings Results for Q3 & 9M2023

Tsakos Energy Navigation Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported...

StealthGas posts near-record quarterly profit

STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial...

Golar LNG Reports Third Quarter Net Income of $114 Million

Golar LNG announced its interim results for the period ended September 30, 2023. Highlights include: Golar LNG Limited (“Golar” or “the Company”) reports Q3 2023 Net...

Baltic index extends rally on higher capesize rates

The Baltic Exchange’s dry bulk sea freight index rose on Tuesday for the fourth...

CLIA presents cruise industry’s Action Plan for Greeceto the Greek Government

Representatives of Cruise Lines International Association (CLIA), members of the Government, and key stakeholders...

Baltic index scales 1 and 1/2-year peak

The Baltic Exchange’s dry bulk sea freight index rose on Monday for the third...

Greek merchant fleet up in numbers, down in volume

The Greek merchant shipping fleet rose in numbers but fell in volume in September. More...

Celestyal unveils 3 new countries and 6 new ports for 2024 & 2025

Celestyal the award-winning, number one choice for cruise travelers to the Greek islands and...

Port Houston Breaks Export Record

October was the biggest month ever for loaded exports at Port Houston, up 6% compared to last October. Port Houston’s loaded exports are up...

Port of Piraeus working on first shore power connection slots for 2024

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry...

Two major US cruise operators interested in buying Lavrio port

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...

APM Terminals & DP World spearhead roadmap for accelerating electrification of port operations in bid for net-zero

APM Terminals and DP World announced an initiative to accelerate decarbonisation of the world’s terminals through the widespread electrification of container handling equipment (CHE)....