Mermaid Delivers Satisfactory Performance in Transitional Three-Month Year-Ending 31 December 2014

"Notwithstanding weaker industry fundamentals, Mermaid Maritime continues to deliver satisfactory one-time, transitional 3-month performance in our fiscal year-end change to December 31. While Mermaid Maritime will not be spared from the industry recalibration to the lower oil price environment, the Group's cost leadership focus and superior financial position will enable the group to better weather the slowdown.