Astro Offshore

What Astro Offshore does

Astro Offshore is a Dubai-headquartered offshore support vessel (OSV) operator serving the global oil and gas, EPC contracting, and renewable energy industries. Founded in Singapore in 2009 and relocated to Dubai in 2010, the company operates a fleet of more than 50 vessels spanning Anchor Handling Tug Supply (AHTS), Multipurpose Support Vessels (MPSV), Platform Supply Vessels (PSV), Shoalbusters, tugs, and barges, with ultra-deepwater capabilities reaching 3,000+ metres via the flagship Astro Atlas. The fleet features DP2 dynamic positioning systems, diesel-electric propulsion on newer builds, and Smart Notation technology enabling real-time performance monitoring and predictive maintenance.

The company's core offering spans six integrated service lines: chartering, subsea operations (construction, cable laying, pipeline installation), specialized bespoke offshore solutions, vessel management, project management, and consultancy. Revenue is generated primarily through time-based vessel chartering to enterprise clients, with long-term arrangements supplementing spot work. Direct enterprise sales channels and a channel partnership with Oceaneering International for European subsea deployment constitute the go-to-market approach.

In July 2025, Adani Ports and Special Economic Zone Ltd (APSEZ) acquired 80% of Astro Offshore for USD 185 million in an all-cash transaction, triggering accelerated fleet expansion, geographic diversification into West Africa and Europe, and a publicly stated target of 200 vessels by FY31 supported by Rs 13,000 crore in planned capex. Named enterprise customers include Saudi Aramco, Qatar Gas, ONGC, and pre-qualified global EPC contractors such as NMDC, McDermott, COOEC, L&T, and Saipem. The company claims 70% market share in India's marine services segment, reflecting the scale advantages derived from the Adani integration.

Name

Astro Offshore

Legal name

Astro Offshore

Website

https://astro-offshore.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Astro Offshore is a Dubai-based offshore support vessel operator with 50+ vessels (AHTS, MPSV, PSV, barges) serving oil and gas majors, EPC contractors, and renewable energy clients across the Middle East, India, Africa, and Europe. It is 80% owned by Adani Ports (APSEZ) since July 2025.

Ownership category

akta.pro rank

Product category

Offshore Vessel Chartering and Marine Support Services

NAICS

Other Support Activities for Water Transportation (48839), Support Activities for Water Transportation (4883)

SIC

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

akta.pro industry

PRIMARYEUALABAJ

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

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYTLADABAL

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

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Ocean Freight Carriers (Container, Bulk, Tanker)

SECONDARYEUAEAGAO

Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Operations & Maintenance (O&M) Services for Energy Assets

Keywords

• Offshore vessel chartering
• Anchor handling tugs
• Platform supply vessels
• Subsea construction services
• Offshore marine support

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Vessel Chartering: Time-based chartering of offshore support vessels including AHTS, MPSV, PSV, tug boats, and barges to oil & gas, renewables, and EPC contractors. Core revenue stream with long-term charter arrangements with major energy companies.
2. Marine Support Services: Integrated offshore solutions including subsea operations, project management, consultancy, and vessel solutions. Services span from chartering to full project coordination for complex offshore construction and maintenance.
3. Subsea Operations: Ultra-deepwater subsea construction, cable laying, and pipeline installation services through the Astro Atlas vessel deployed under charter with Oceaneering International for European offshore markets.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Astro Offshore operates and charters a fleet of over 50 offshore support vessels, including AHTS, MPSV, PSV, barges, shoalbusters and tow tugs, to oil and gas majors, EPC contractors, and renewable energy operators across the Middle East, Indian subcontinent, Africa, and Europe. Its integrated service portfolio spans vessel chartering, subsea construction and cable laying, bespoke offshore solutions, fleet management, end-to-end project management, and consultancy.

Product overview

Astro Offshore operates as a comprehensive offshore marine services provider offering an integrated portfolio of vessel types and service solutions. The core offering spans six service categories: Chartering (tailored vessel solutions), Subsea Operations (underwater construction and cable laying), Specialised Offshore Solutions (bespoke project support), Vessel Solutions (fleet management), Project Management (end-to-end coordination), and Consultancy (expert advisory). The vessel fleet comprises multiple types including AHTS (Anchor Handling Tug Supply), MPSV (Multipurpose Support Vessels), PSV (Platform Supply Vessels), Barges, Shoalbusters, and Tow Tugs. Key technology differentiators include Smart Notation Technology for real-time performance monitoring and Diesel-Electric Propulsion systems for environmental efficiency. The company, backed by Adani Ports and SEZ Ltd since July 2025, serves the offshore oil, gas, and renewables industries across the Middle East, Indian subcontinent, Africa, and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Chartering Services Tailored vessel chartering solutions drawing on Astro Offshore's own 50+ vessel fleet and global partner network to support offshore operations. Targeted at oil and gas majors, EPC contractors, and renewable energy operators.
• Subsea Operations Specialized underwater construction, cable laying, and pipeline installation services enabled by the ultra-deepwater fleet, including the Astro Atlas vessel capable of 3,000+ metre operations, for clients requiring subsea project execution.
• Specialised Offshore Solutions (Bespoke) Customized offshore solutions tailored to specific project requirements, providing integrated support services spanning vessel chartering through project completion for clients with non-standard offshore needs.
• Vessel Solutions Fleet management services maximizing vessel performance through expert oversight, proven processes, and safety standards, targeted at operators of offshore support vessels.
• Project Management End-to-end project management coordinating vessel provision, transportation, and supply chains for flawless execution from planning through completion, for complex offshore campaigns.
• Consultancy Expert advisory services drawing on vessel operations expertise to support offshore and near-shore projects, including operational optimization and safety compliance advisory.
• AHTS Vessels Chartering

Quantifiable outcome

• Fleet doubled from 25 to 50 vessels in 2025
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Oceaneering International Inc.coreStrategic or Co-development Partner · 17 April 2026Long-term charter arrangement for Astro Atlas vessel enabling Astro Offshore's entry into ultra-deepwater operations and European markets. Collaboration brings together Astro Offshore's modern vessel capability with Oceaneering's established subsea and ROV expertise for construction, installation, and intervention scopes in complex deepwater environments.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• Tidewater Inc. World's largest owner and operator of offshore support vessels with a global fleet of over 200 vessels serving the global oil and gas industry. Comparable as the broadest incumbent in the OSV market with overlapping vessel types (AHTS, PSV) and similar oil-major customer base, though geographically more diversified than Astro Offshore.

Direct peers

• Solstad Offshore: Norwegian offshore support vessel owner-operator with a large global fleet of AHTS, PSV, and subsea construction vessels. Directly comparable to Astro Offshore on vessel classes, offshore construction support scope, and IOC/NOC client base.
• Maersk Supply Service: Danish offshore support vessel operator providing AHTS, PSV, and subsea support vessels globally with strong presence in West Africa, North Sea, and Asia-Pacific. Directly comparable to Astro Offshore on fleet composition and global IOC customer base.
• Seacor Marine Holdings: US-based provider of offshore support vessels including AHTS, PSV, and specialty vessels serving oil & gas and wind farm clients globally. Comparable to Astro Offshore on vessel mix and offshore energy customer base, with greater exposure to US Gulf and offshore wind segments.
• Hornbeck Offshore Services: US-based provider of offshore supply vessels with operations in the Gulf of Mexico, Brazil, and Mexico. Comparable to Astro Offshore on OSV fleet mix (PSV, AHTS, MPSV) and IOC-driven demand exposure, with greater geographic concentration in the Americas.
• Bourbon Offshore: Global offshore support vessel operator headquartered in France with a large fleet of AHTS, PSV, and subsea vessels serving oil & gas majors and EPC contractors worldwide. Highly comparable to Astro Offshore in vessel mix, customer base, and offshore project focus, with comparable geographic exposure to West Africa and Asia.
• DOF Group: Norwegian offshore and subsea vessel operator providing AHTS, PSV, and subsea construction/IRV services globally. Comparable to Astro Offshore on subsea construction capability (similar to Astro Atlas deployment), vessel mix, and Tier-1 customer focus.
• Vallianz Holdings: Singapore-based offshore support vessel owner and operator focused on the Middle East, India, and Caspian markets with a fleet of AHTS and platform vessels. Closely comparable to Astro Offshore on customer base, fleet composition, and Middle East / Indian subcontinent geographic focus.
• Edison Chouest Offshore: Privately held US-based offshore support vessel operator with a large global fleet including AHTS, PSV, and MPSV vessels. Comparable to Astro Offshore on private ownership structure, vessel diversity, and direct chartering to oil majors and EPC contractors.
• Vroon Offshore: Dutch offshore support vessel operator with a fleet of AHTS, PSV, and subsea vessels serving the North Sea and global offshore energy markets. Comparable to Astro Offshore on vessel types, DP2 capabilities, and direct charter model serving IOCs and EPC contractors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/astrooffshore

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Astro Offshore