Energy Equipment and Services
Company Overview of Miclyn Express Offshore Limited
Miclyn Express Offshore Limited, through its subsidiaries, provides service vessels and project transportation solutions primarily to the offshore oil and gas industry in Asia, Australia, the Middle East, and Africa. The company charters a range of offshore support vessels, crew/utility vessels, tugs, barges, and coastal survey vessels to a range of customers operating in various phases of the offshore oil and gas cycle, including exploration, development, and production, as well as to the marine civil construction industry. Its Offshore Support Vessels segment provides transportation and various support services across the entire offshore oil and gas cycle. The company’s Crew/Utility Vessel...
3 HarbourFront Place
No. 11-01/04 HarbourFront Tower 2
Founded in 2005
Key Executives for Miclyn Express Offshore Limited
Chief Executive Officer and Executive Director
Group General Counsel and Group Risk Manager
Compensation as of Fiscal Year 2015.
Miclyn Express Offshore Limited Key Developments
Miclyn Express Offshore Limited Announces Executive Changes
Oct 27 15
The Board of Directors of Miclyn Express Offshore Limited announced that with effect from October 27, 2015, Mr. Marcuss Thompson will be appointed as a Non-Executive Director and Non-Executive Chairman in place of Mr. Paul Kang who has resigned as a Non-Executive Director and Non-Executive Chairman on the same day. Marcus shall alternate with Mr. Nathaniel Childres to be the Chairman of the Board of Directors on rotating basis, up until immediately prior to the next Board of Directors meeting. In conjunction with Marcus’s appointment as a Non-Executive Director and Non-Executive Chairman, Marcus will also assume Paul’s role as a member of the Audit, Risk Management and Safety Committee.
Miclyn Express Offshore Limited Announces Earnings Results for Fiscal Year of 2015
Sep 28 15
Miclyn Express Offshore Limited announced earnings results for fiscal year of 2015. For the year the company reported revenue of USD 283.8 million against USD 265.2 million for the same period a year ago. Operating earnings were USD 84.4 million against USD 99.4 million for the same period a year ago. Normalized EBITDA was USD 84.51 million against USD 101.0 million for the same period a year ago. Adjusted EBITDA was USD 57.3 million against USD 108.3 million for the same period a year ago. EBIT was 19.5 million against USD 77.7 million for the same period a year ago. Loss before tax was USD 7.5 million against Profit before tax of 54.9 million for the same period a year ago. Loss after tax was USD 11.2 million against profit after tax of USD 49.1 million for the same period a year ago. Loss after tax and minority interest was USD 12.6 million against profit after tax and minority interest of USD 47.4 million for the same period a year ago. Net cash from operating activities was USD 58.3 million against USD 59.1 million a year ago. Payments for property, plant and equipment was USD 177.5 million against USD 85.3 million a year ago.
Miclyn Express Offshore Limited Presents at Pareto Securities 21st Annual Oil & Offshore Conference, Sep-10-2014
Jul 5 15
Miclyn Express Offshore Limited Presents at Pareto Securities 21st Annual Oil & Offshore Conference, Sep-10-2014 . Venue: Holmenkollen Park Hotel, Oslo, Oslo, Norway.
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