Mermaid wins contract compensation

Mermaid Maritime has reached a settlement with Cudd Pressure Control concerning an offshore support contract in the Middle East.
In November, Cudd terminated the contract for Mermaid’s accommodation barge MTR-1. According to Mermaid, this was due to the cessation of Cudd’s own contract with its ultimate client, which occurred through no fault of Mermaid.
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Source: Offshore Magazine