Caspian Marine Services

What Caspian Marine Services does

Caspian Marine Services B.V. (CMS) is a Netherlands-domiciled, privately held offshore marine support vessel operator headquartered in Baku, Azerbaijan, founded in 2006. The company operates a fleet of 25+ vessels spanning anchor handling tug supply (AHTS) units, platform supply vessels (PSVs), DP2 fast catamarans with Ampelmann walk-to-work gangways, firefighting tugs (FiFi1), cutter suction dredgers, multicats, barges, and oil tankers, all deployed in the Caspian Sea. Its technology foundation centers on dynamic positioning (DP2), FiFi firefighting systems, and Ampelmann W2W personnel transfer systems for safe offshore platform access.

CMS serves the offshore oil and gas exploration and production industry, with named customers including BP Azerbaijan (Shah Deniz 2, Şəfəq-Asiman, ACE project), SOCAR, TotalEnergies Azerbaijan, and EPC contractor Saipem. Revenue is generated through multi-year, contract-based charter and vessel management engagements priced per project, with no standard public pricing. Strategic alliances with SOCAR (2006) and Azerbaijan Caspian Shipping Company (2014) provide exclusive access to national maritime facilities and vessel fleets in the Caspian basin. The company is certified to ISO 9001, ISO 14001, ISO 45001, and ISM Code by the American Bureau of Shipping, holds IMCA (2024) and BIMCO (2023) memberships, and reports over 5 million LTI-free work hours. Go-to-market is direct enterprise sales to oil and gas operators, supplemented by participation in regional oil and gas exhibitions (ADIPEC, KIOGE, OGT Expo).

Name

Caspian Marine Services

Legal name

Caspian Marine Services B.V.

Website

https://caspmarine.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Caspian Marine Services B.V. operates a fleet of 25+ offshore marine support vessels — including AHTS, DP2 PSVs, fast catamarans, firefighting tugs, and dredgers — serving offshore oil and gas exploration and production operators, notably BP Azerbaijan, SOCAR, and TotalEnergies, in the Caspian Sea region.

Ownership category

akta.pro rank

Product category

Offshore Marine Support Services

NAICS

Support Activities for Water Transportation (4883)

SIC

Oil & Gas Field Services, Nec (1389), Water Transportation (4400)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

Keywords

• Offshore marine support
• Platform supply vessels
• Anchor handling services
• Offshore crew transfer
• Cutter suction dredging

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Offshore Marine Support Services: Marine support vessel charter and operational services for offshore oil and gas industry including anchor handling, platform supply, passenger transfer, dredging, and technical management
2. Vessel Management Services: Technical management of vessels and crewing services for third-party vessel owners

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Caspian Marine Services B.V. operates a fleet of 25+ offshore marine support vessels (AHTS, PSV, crew boats, DP2 fast catamarans, multicats, fire fighting tugs, cutter suction dredgers, barges, and oil tankers) serving the offshore oil and gas exploration and production industry in the Caspian Sea region. The company provides offshore support vessel management, passenger transfer and logistics solutions, dredging services, technical management of vessels, and crewing services under strategic alliances with SOCAR and Azerbaijan Caspian Shipping Company.

Product overview

Caspian Marine Services B.V. operates a fleet of 25+ offshore marine support vessels serving the offshore oil and gas exploration and production industry in the Caspian Sea region. The fleet is a combination of owned and managed vessels divided into distinct categories: Anchor Handling Tug Supply (AHTS) vessels (Islay, Jura) for tow and anchor operations; Crew Boats (Khudaferin, Gulustan, Giz Galasi, Gobustan, Araz) for personnel and cargo transfer; DP2 Fast Catamarans (Muslim Magomayev, Rashid Behbudov, Gara Garayev) with Walk-to-Work (W2W) gangway systems for offshore personnel transfer; Multicat vessels (CMS-1, CMS-2, CMS-3) for harbor and coastal operations; Fire Fighting Tugs (CMS Pahlavan, CMS Igid) for FiFi and tow operations; Cutter Suction Dredgers (CSD 650, CSD 500, CSD 450) for maintenance dredging; Platform Supply Vessels (Jabrayil, Khojaly, Murovdag, Savalan, Guba) with DP2 and FiFi capabilities; Barges (CMS-4) for cargo transport; and Oil Tankers (Ganja, Professor Aziz Aliyev). The company provides services including offshore vessel management, passenger transfer and logistics, dredging, technical management, and crewing.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Support Vessel Management Management of offshore marine support vessels serving offshore oil and gas exploration and production companies, including anchor handling, platform supply, heavy-lift, towage, seabed survey, and diving support operations in the Caspian Sea region.
• Passenger Transfer and Logistics Solutions Transport of personnel to offshore installations using crew boats and DP2 fast catamarans equipped with Walk-to-Work (W2W) Ampelmann gangway systems, enabling safe personnel transfer in challenging offshore conditions at heights up to approximately 20 meters.
• Dredging Services Maintenance and capital dredging operations using CSD 450, CSD 500, and CSD 650 cutter suction dredgers for harbor maintenance, land reclamation, and sand mining at depths ranging from 12 to 18 meters.
• Technical Management of Vessels Technical management services for vessels ensuring compliance with international maritime standards including ISO 9001, ISO 14001, ISO 45001, and ISM Code certifications verified by American Bureau of Shipping.
• Crewing Services Provision of qualified seafaring personnel for vessel operations including offshore and harbor-based marine crew staffing.
• Islay (AHTS Vessel) 172T bollard pull Anchor Handling Tug Supply Vessel (AHTSV) with DP0 capability, built in 2002 by Ferguson Glasgow UK. One of the largest AHTSVs operating in the Caspian region.
• Jura (AHTS Vessel) 172T bollard pull Anchor Handling Tug Supply Vessel with DPS capability, built in 2002 by Ferguson Glasgow UK, operating in the Caspian region.
• Khudaferin (Crew Boat) Crew boat with 54-passenger capacity and 50-ton maximum deck cargo, built in 2009 by Topaz Shipbuilding, Fujairah, UAE. Maximum speed of 16.5 knots with knuckle/HIAB boom crane.
• Gulustan (Crew Boat) Multipurpose crew boat transporting 54 passengers plus crew and up to 50 tons of deck cargo at 16.5 knots maximum speed, built in 2010 by Topaz Shipbuilding, Fujairah, UAE. Equipped with firefighting pump.
• Giz Galasi (Crew Boat) Multipurpose crew boat with 54 passengers plus crew and up to 50 tons of deck cargo at 16.5 knots maximum speed, equipped with joystick controls.
• Gobustan (Crew Boat)

Quantifiable outcome

• 5 million work hours without LTI (Loss of Time Injury)
• +1 more outcomes

Named customers5 records

Segments1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Azerbaijan Caspian Shipping Company (ACSC)coreStrategic or Co-development Partner · 1 January 2014In early 2014, following a restructuring of the shipping industry in Azerbaijan, CMS formed a strategic alliance with ACSC to continue and expand marine operations in the Caspian Sea region.
• SOCAR (State Oil Company of Azerbaijan Republic)coreStrategic or Co-development Partner · 1 January 2006CMS formed a strategic alliance with SOCAR in 2006, granting access to all maritime facilities and fleet of vessels controlled by SOCAR. This alliance was a very important step in achieving the company's ambitious goals and becoming a leading marine operator in the Caspian Region.
• BP AzerbaijancoreStrategic or Co-development PartnerBP Azerbaijan is a key customer and partner for CMS, utilizing CMS vessels for offshore operations including Shah Deniz 2, Şəfəq-Asiman project, and ACE project support.
• SaipemminorStrategic or Co-development PartnerInternational oil and gas engineering and construction company operating in Azerbaijan utilizing CMS marine support services.
• TotalEnergies AzerbaijanminorStrategic or Co-development PartnerInternational energy company operating in Caspian region utilizing CMS offshore marine support services.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Topaz Energy and Marine: Topaz (now part of AD Ports Group) is one of the closest comparable OSV operators with significant Caspian Sea exposure and a similar mix of PSVs, AHTS, crew boats, and fast catamarans serving IOC offshore fields in Azerbaijan, Kazakhstan, and the Middle East.
• Vroon Offshore Services: Vroon operates a global fleet of offshore support vessels including PSVs, AHTS, and Walk-to-Work vessels serving North Sea, Mediterranean, Middle East, and Asia-Pacific E&P clients — directly comparable business model and asset mix to CMS.
• Bourbon Offshore: Bourbon is a global OSV operator with a diversified fleet of PSVs, AHTS, crew boats, and subsea vessels serving offshore oil and gas E&P companies worldwide — directly comparable vessel categories and customer base.
• Solstad Offshore: Solstad is a Norwegian-based global OSV owner/operator with PSV, AHTS, and subsea construction vessels serving IOC and EPC clients globally — directly comparable service offering for offshore E&P marine support.
• DOF Group: DOF Group operates a global fleet of AHTS, PSV, subsea inspection, and offshore construction vessels serving oil and gas E&P customers — directly comparable offshore marine support business with overlapping service categories.
• Seacor Marine Holdings: Seacor Marine operates a global fleet of offshore support vessels including PSVs, fast supply vessels, crew boats, and utility vessels serving IOC and NOC customers in the Americas, Africa, Middle East, and Asia — directly comparable OSV operator model.
• Maersk Supply Service: Maersk Supply Service is a global integrated offshore vessel operator with AHTS, PSV, and subsea support vessels serving IOC E&P projects worldwide — a directly comparable offshore marine support business.
• Edison Chouest Offshore: Edison Chouest is a privately held global OSV operator with PSVs, AHTS, and crew boats serving offshore oil and gas customers worldwide, including Caspian-adjacent projects — closely comparable fleet breadth and customer base.
• Vallianz Holdings: Vallianz operates a fleet of offshore support vessels including AHTS, PSVs, and crew boats primarily serving Middle East and Southeast Asia NOC and IOC customers — comparable regional OSV model to CMS.

Regional players

• Palmali Group: Palmali is an Azerbaijan-based shipping and offshore vessel operator with Caspian Sea tonnage serving oil and gas logistics, providing a regional peer reference for Caspian marine services markets served by CMS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC_YLk6oKdT-_yFAUiyBWu7Q
• Facebookfacebook.com/CaspianMarineServices
• LinkedInlinkedin.com/company/3740470

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caspian Marine Services