Mermaid Maritime Public Co Ltd 2020 AR2
The report details Mermaid Maritime PLC's performance during the challenging fiscal year 2020, marked by the COVID-19 pandemic and volatile oil prices. The company recorded a revenue of USD 83.8 million and a net loss of USD 109.6 million, primarily due to a USD 68.1 million loss on the disposal of its investment in associate Asia Offshore Drilling Limited. Despite these challenges, Mermaid strengthened its core subsea services, securing a USD 225 million order book and establishing a joint venture, ZeaQuest Co., Ltd., to develop robotics and artificial intelligence for subsea engineering. Additionally, the company published its fourth Sustainability Report in accordance with GRI Standards, highlighting its commitment to reducing emissions and maintaining high safety standards.
Company: Mermaid Maritime Public Co Ltd
Sector: Mining & quarrying
Country: Thailand
Year: 2020
Type: AR2
Pages: 207
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Mermaid Maritime Public Co Ltd
Annual Report
The report details Mermaid Maritime PLC's performance during the challenging fiscal year 2020, marked by the COVID-19 pandemic and volatile oil prices. The company recorded a revenue of USD 83.8 million and a net loss of USD 109.6 million, primarily due to a USD 68.1 million loss on the disposal of its investment in associate Asia Offshore Drilling Limited. Despite these challenges, Mermaid strengthened its core subsea services, securing a USD 225 million order book and establishing a joint venture, ZeaQuest Co., Ltd., to develop robotics and artificial intelligence for subsea engineering. Additionally, the company published its fourth Sustainability Report in accordance with GRI Standards, highlighting its commitment to reducing emissions and maintaining high safety standards.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Employees