Acknowledged today as the largest provider of offshore and marine services in the Middle East, Zamil Offshore Services was founded in 1977 as a 100% Saudi company working in diversified business fields. Its scope of work covers offshore marine services, ship chandling, ship chartering, offshore hook-up projects, offshore shipbuilding, ship & rig repairs, and sea ports operation and management.
Maersk Supply Services has clinched a long-term contract for two anchor handlers to support the Chevron- operated Gorgon Stage Two drilling programme.
More signs of recovery continue to emerge from the offshore sector with Malaysian offshore supply vessel (OSV) player Nam Cheong finally emerging from debt and returning to profitability in the first half.
In another consolidation in the offshore sector US offshore support vessel (OSV) players Tidewater and GulfMark are to merge in a $1.25bn all-stock transaction.
Damen Ship Repair Curacao (DSCu) increased capacity with the arrival of two floating docks in the southern Caribbean, fulfilling the undertaking given by Damen to the Government of Curaçao when it took over the yard in 2017. Damen Ship Repair Curacao is the largest ship repair facility in the Caribbean and Central America.
The Malaysian offshore oil and gas industry continues to feel the pinch of smaller budgets from national oil company Petronas in particular, with the offshore supply vessel (OSV) players especially hard hit among the listed companies that have recently reported results.
Market leading offshore marine player Bourbon is reorganizing its business into three units under a new action plan #BourbonInMotion and investing EUR75m ($92.4m) in the digistalisation of its Bourbon Marine & Logistics fleet.
A renewed focus on its core chartering business in the strong Middle East market has helped offshore supply vessel (OSV) player Vallianz Holdings to a strong performance for 2017.
Vallianz Holdings’ latest corporate exercise to bring it back on a firmer financial footing will result in it coming firmly under Arab control with controlling shareholder and strategic partner Rawabi Holding seeing its shareholding potentially spike to 57.2% from about 14.8% previously.