News: MRM MMA Offshore says contract in SE Asia has been suspended

Aug 8 (Reuters) - MMA Offshore Ltd (MRM) :

• Says company is now expecting a significant rate reduction on a 3 vessel contract with a client in the Middle East
• Key contract in south east Asia covering two vessels has been suspended due to issues associated with our client's drilling campaign
• Impact of both developments is an expected reduction in EBITDA for the 2017 financial year in the order of approximately $10 million
• "Working to mitigate the impact of suspension by seeking alternative deployment for the vessels"
• Source text: (http://bit.ly/2b5iKxp)

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