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July 05, 2015 3:10 AM ET

Energy Equipment and Services

Company Overview of Miclyn Express Offshore Limited

Company Overview

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

Singapore,  099254

Singapore

Founded in 2005

Phone:

65 6545 6211

Fax:

65 6275 6212

Key Executives for Miclyn Express Offshore Limited

Chief Executive Officer and Executive Director
Age: 53
Chief Financial Officer
Age: 48
Chief Operating Officer
Age: 44
Executive Director
Age: 61
Group General Counsel and Group Risk Manager
Age: 43
Compensation as of Fiscal Year 2015.

Miclyn Express Offshore Limited Key Developments

Miclyn Express Offshore Limited Announces Management Changes

The Board of Miclyn Express Offshore Limited announced that with effect from July 1, 2015, Diederik de Boer (Diederik) will retire as Chief Executive Officer of the Group and that Venkatraman Sheshashayee (Shesh) will succeed him on the same day. Diederik will continue his role as an Executive Director of the company until October 1, 2015 and thereafter will remain as part of the Board as a Non-Executive Director. Shesh, in his new capacity as CEO, will also be joining the Board of the company as an Executive Director with effect from June 22, 2015.

Miclyn Express Offshore Limited Reports Consolidated Earnings Results for the Six Months Ended December 31, 2014

Miclyn Express Offshore Limited reported consolidated earnings results for the six months ended December 31, 2014. For the six months, the company reported revenue of $142,893,000 against $113,812,000 a year ago. Profit before tax was $18,474,000 against $24,503,000 a year ago. Net profit for the year was $16,773,000 against $22,785,000 a year ago. Net profit attributable to owners of the company was $17,715,000 against $21,423,000 a year ago. Net cash generated from operating activities was $40,206,000 against $48,029,000 a year ago. Payments for property, plant and equipment were $105,751,000 against $38,701,000 a year ago. Payment for intangible assets was $78,000. EBITDA was $42.3 million against $42.6 million a year ago. EBIT was $27.1 million against $29.2 million a year ago.

Miclyn Express Offshore Limited Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 12:00 PM

Miclyn Express Offshore Limited Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 12:00 PM. Venue: Jumetrah Emirates Towers, Dubai, United Arab Emirates. Speakers: Jaap-Jan Pietersen, General Manager of Middle East.

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