Stanford Marine Archives - Baird Maritime

January 14, 2021

SHUAA-led consortium successfully buys out AED1.13 billion debt of Dubai-based Stanford Marine Group

Written by Baird Maritime on January 14, 2021. Posted in Anchor Handling, Crew Transfer, Platform Supply.

Asset management and investment banking platform SHUAA Capital has successfully completed a debt buyout of the AED1.13 billion (US$308 million) facility of UAE-based ..

December 8, 2020

COLUMN | Do it yourself: oil companies buy rigs and boats in bargain basement (except Energean) [Offshore Accounts]

Written by Hieronymus Bosch on December 8, 2020. Posted in Jackups/Liftboats, Offshore Drilling & Extraction, Offshore Processing & Storage, Offshore World, Platform Supply, Work Boat World Features.

Boat and rig prices fall. Oil and gas producers buy boats and rigs because they are so cheap. Oil and gas producers own and operate the cheap boats and rigs themselves ..

October 12, 2018

COLUMN | Middle Eastern mysteries [Offshore Accounts]

Written by Hieronymus Bosch on October 12, 2018. Posted in Offshore World.

Last month we looked at the failure of South East Asian offshore and vessel owning companies to restructure and address the problems of the excessive debt which they ..