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August 29, 2015 5:19 PM ET

Energy Equipment and Services

Company Overview of Stanford Marine Group

Company Overview

Stanford Marine Group provides marine services to the oil and gas industry primarily in the Middle East, South East Asia, Africa, India, and the Gulf of Mexico. Its chartering services range from vessel chartering to cross-chartering and vessel management. The company operates a fleet of offshore support vessels (OSVs), including platform supply vessels, fast supply vessels, seismic support vessels (SSVs), fast crew boats, and anchor handlers for various support activities in offshore projects, including towing, rig move operations, anchor handling, safety/standby services, survey operations, drilling support services, offshore construction and maintenance support services, offshore accommod...

16th Floor Single Business Tower

Business Bay

PO Box : 32456

Sheik Zayed Road

Dubai,  

United Arab Emirates

Founded in 1997

Phone:

971 4 380 8001

Fax:

971 4 380 8011

Key Executives for Stanford Marine Group

Chief Executive Officer
Chief Financial Officer
General Manager
General Manager of Grandweld
Compensation as of Fiscal Year 2015.

Stanford Marine Group Key Developments

Stanford Marine Group Reports Revenue Results for the First Quarter Ended March 31, 2015

Stanford Marine Group reported revenue results for the first quarter ended March 31, 2015. For the quarter, the company achieved total revenue of AED 224.9 million, compared to AED 225.7 million in the corresponding period in 2014.

Stanford Marine Group Announces Revenue Results for the Year Ended December 31, 2014

Stanford Marine Group announced revenue results for the year ended December 31, 2014. For the year, the company achieved total revenue of AED 945.4 million, compared to AED 870.5 million in 2013.

Stanford Marine Reportedly Postponed Its Listing

Stanford Marine Group has reportedly shelved its listing on London stock exchange as Abraaj Capital is searching for potential buyers. Stanford Marine may now sell shares in the first half of 2015 instead of 2014 and it will not proceed with the IPO if it finds a buyer earlier, two people with knowledge of the matter said. Abraaj may seek $300 million from the sale of Stanford Marine. Abraaj owns 51%stake in Stanford Marine. Reuters reported that Abraaj declined to comment.

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