UAE-based GMMOS Group has rebranded to Stanford Marine Group (SMG), according to a report on TradeArabia News Service. The group has two main divisions focused on the marine sector: Stanford Marine (OSV chartering) and Grandweld (shipbuilding and repair).
Stanford Marine has recently taken delivery of several new OSVs, such as the three ultra-modern 58-metre DP1 platform supply vessels (PSVs) Condor, Osprey and Caracara - which are already chartered – and will be welcoming in its fleet further four new vessels this year, amongst which will be two 87-metre diesel electric DP2 PSVs with methanol carrying capacity.
With a fleet utilization level in excess of 90 percent for its current 35-vessels strong fleet, Stanford Marine remains in the forefront of marine operators in the GCC and Southeast Asia, a statement said. Grandweld recently secured three additional large ship-building contracts, raising its order-book backlog to a record $250 million.
This includes two 55-ton bollard pull tugs for Abu Dhabi Ports Company, two 57-metre work maintenance vessels for the Al Mojil Group (Saudi Arabia) and six 54-metre hybrid seismic support vessels (+2 option) for Bourbon. Grandweld is the first one throughout the region to build hybrid vessels, and Bourbon the first one to use such vessels, the statement said.
– Source: TradeArabia News Service