Aug 8 (Reuters) - MMA Offshore Ltd MRM.AX :
* 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"