CMI Offshore Group

Name

CMI Offshore Group

Legal name

CMI Offshore Group

Website

https://cmioffshore.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Ship and Boat Building (3366)

SIC

Water Transportation (4400), Oil & Gas Field Services, Nec (1389), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

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

akta.pro secondary industries

Pipe-lay & Heavy-lift Offshore Vessel Construction (IMAJACAE), Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG)

Keywords

• Offshore vessel charter
• Marine logistics services
• Oil field solutions
• Port towage services
• Crewboat operations

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Time charter of offshore vessels: Primary revenue stream: vessels chartered to oil majors, national oil companies (Petronas, Dragon Oil, PDVSA, Saipem/Ersai, AgipKCO, NCPOC, BP subcontractors) on time-charter contracts of typically 1-5 years (e.g., 4-vessel Dragon Oil contract extended 5+2 years; CM Brit 3-year Petronas charter from July 2018).
2. Newbuilding and BOT/lease-purchase arrangements: Vessels built or commissioned (often through Singapore or local joint ventures such as PM Shipping Pte Ltd and President Shipyard) and offered on lease, charter or hybrid Build-Operate-Transfer arrangements; includes Premar 1/2 newbuilding 80t BP ASD tugs.
3. Project and conversion contracts (EPIC/FSO/FPSO): Engineering, procurement, installation and conversion contracts including FSO/FPSO conversions (FSO Eli Akaso delivered January 2020; FSO Teli delivered August 2022; FPSO conversion Q4 2024 in Nigeria) and bespoke vessel conversions (e.g., cuttings barges for AgipKCO, UK Class B ERRV conversion).
4. Vessel sales (asset disposals): Disposal of older vessels to fund fleet renewal: e.g., 6 disposals in 2016, 5 in 2017, plus CM Cormorant, CM Italia, CM Supporter, CM Jet 5, CM Pelios, Lily, CM Greta, CM Brit, etc. Sale proceeds reinvested in fleet modernisation.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

CMI Offshore Group provides marine services and logistics to the offshore oil and maritime sectors, operating a 17-vessel fleet specialized in niche markets including ultra-shallow-draft and ice-class AHTS tugs, high-speed catamaran crewboats, hovercraft (ACV) and the world's first self-propelled Air Cushion Barge. The company offers time-charter, vessel conversion, newbuilding and FSO/FPSO services to international oil majors, national oil companies and EPC contractors across the Caspian Sea, Asia-Pacific, Latin America, Russia and West Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Logistics Integrated marine logistics package covering drilling rig supply and towage, production platform supply, anchor handling for pipelay barges and drilling rigs, construction vessel logistics including tug/barge supply, floating storage tankers, standby and emergency response with trained crews, and seismic support vessels. For oil majors, NOCs and EPC contractors operating offshore fields.
• Oil Field Solutions (FSO/FPSO) Floating Storage and Offloading (FSO) and Floating Production Storage and Offloading (FPSO) vessel provision, conversion and operation for shallow-water and marginal oil fields, plus shuttle tankers and field support tugs. Serves West African and shallow-water oil field operators.
• Port Tugs Port tug solutions including ASD escort tugs operated in Venezuela, newbuilding units offered on time-charter or lease-purchase, plus harbour and inshore water towage. Serves port authorities, terminals and national harbours.
• Projects and Newbuildings Project-specific vessel design, conversion and newbuilding services, including conversion of flat-top barges into zero-discharge cuttings barges, in-house conversion of utility vessels to UK Class B ERRVs, and newbuilding offerings through a Singapore joint venture on lease, charter or hybrid BOT (Build-Operate-Transfer) arrangements. Over 25 ships ordered and built for Caspian operations.
• Air Cushion Vehicles (ACV) Air cushion vehicle fleet for shallow-water and transition-zone access supporting Caspian operations. ACV Mangistau Alpha (built 2002) and ACV Shadowfax (built 2013, 8-tonne maximum payload) plus two new 40-knot 23m hovercraft purchased in June 2025 (formerly Changi Airport rescue craft) provide crew transfer over tundra, swamps, ice and water.
• World's First Self-Propelled Air Cushion Barge (ACB) World's first self-propelled Air Cushion Barge (ACB), a 55m x 24m unit built at Ferguson shipyard (Port Glasgow) under a 2018-2020 contract. Capable of carrying up to 150t payload over tundra, swamps, ice and water for shallow-water Caspian oil industry support, with lift fans, air propulsion, marine propulsion modules and specialist rubber skirting.

Named customers17 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered minor, flagship and core.

• Changi Airport (Singapore)minorOthers · 3 June 2025Changi Airport was the original operator of the two 40-knot 23m hovercraft (rescue capability) that CMI Offshore Group purchased on June 3, 2025. The hovercraft were mobilised to CMI's joint-venture facility in Malaysia for vessel overhaul and upgrade.
• Eastern Petro Technologies (India) Private LimitedflagshipStrategic or Co-development Partner · 26 May 2025Joint venture creating 'Eastern CMI Offshore India Private Limited' to support the growing offshore oil and gas sector in India. Combines Eastern Petro's local expertise in onshore and offshore services with CMI Offshore's global strengths in marine operations and vessel ownership. Majority Indian ownership with active CMI Offshore operational involvement. Marked May 26, 2025 as a significant milestone in CMI's global expansion strategy.
• Gagasan Offshore MalaysiaminorChannel Partner/ Reseller/ Distributor · 18 July 2017Counterparty for CMI Group's acquisition of 5 crewboats from Gagasan Offshore Malaysia; the vessels continue to be operated in Malaysia by Suriya Nautica (CMI-affiliated company) under Surya Nautika Sdn Bhd.
• Surya Nautika Sdn BhdcoreStrategic or Co-development Partner · 1 July 2017Malaysian joint-venture / local partner based in Kuala Lumpur, set up in July 2017 to acquire and operate 5 crewboats and provide air-diving and engineering contracts to Malaysian oil company end-users. MD Muhamad Faez Bin Ab Gani. CMI is expanding Malaysian interests (2 additional modern crewboats and 2 newbuilding crewboats under negotiation).
• Jan De NulminorImplementation/ SI/ Consulting Partner · 1 August 2016First job for Jan De Nul (world-leading dredging and marine construction company): towage of cutter suction dredger 'Vesalius' from Baku to Aktau in August 2016 using CM Pecos, arriving at the Kuryk Port Ferry Complex construction site. CMI delivered the tow in 38 hours.
• President ShipyardcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2014Joint-venture partner that ordered two 80-ton bollard pull Robert Allan ASD escort tugs for May 2016 delivery (Premar 1 and Premar 2), subsequently offered for commercial exploitation under Singapore JV.
• CMI Alpha Offshore LLC (Russian subsidiary, 100% owned)coreStrategic or Co-development Partner · 1 January 2013100% owned Russian company incorporated in 2013 with offices in Astrakhan to support operations for the Russian Filanovsky field development. Russian flag tonnage, Country Manager Dmitry Egorov.
• CMI Offshore Marine Ltd (Greek subsidiary)coreStrategic or Co-development Partner · 1 January 2013Incorporated in 2013 and registered under Greek Law 89 to enable relocation of Head Office to Vrilissia, Athens. Hosts corporate, financial and legal teams for the group.
• PM Shipping Pte Ltd (Singapore)coreOEM/ Whitelabel/ Licensing Partner · 1 January 2012Joint venture for two newbuilding 65-ton ASD escort tugs of Robert Allan design. Vessel charters agreed for operation in Venezuela with PDVSA as charterer; the resulting vessels were named Leo and Lily and mobilised to Venezuela in 2013. Singapore JV subsequently expanded to offer newbuildings on lease, charter or BOT (Build-Operate-Transfer).
• World Carrier Group (sister company)flagshipStrategic or Co-development Partner · 1 January 2012Sister company operating 11 vessels in West Africa (FSO Ailsa Craig 1, FSO Eli Akaso, FSO Teli, M/T Interim, M/T Algo, M/T Nox, AHTS Ugbana/Defiant, AHT Busy Gator/Bee, Tug Busy Snail). Provides distribution for FSO/FPSO conversions (e.g., FSO Eli Akaso delivered January 2020; FSO Teli delivered August 2022; FPSO conversion Q4 2024 in Nigeria). Operates all tugs at the Ima Field Export Terminal through sister company in Nigeria (150-ton bollard pull units).
• Integrated Petroleum Services Ltd of MalaysiacoreStrategic or Co-development Partner · 1 October 2009Won 2009 Petronas/MMHE/Technip Turkmenistan pipelay support contract together with CMI Caspian Ltd - to provide 3 modern 45-ton bollard pull tugs and a PSV for 2010 Petronas field development work in Turkmenistan. All units mobilised into the Caspian within 60 days of contract award.

Scale indicators9 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Vallianz Holdings Limited: Singapore-based offshore support vessel company with strong Caspian, Middle East and Asia-Pacific exposure, competing directly with CMI in AHTS, crewboats and tug segments for the same oil-major and NOC customer base.
• Caspian Marine Services (CMS): Azerbaijani-British offshore vessel operator focused on the Caspian basin, directly competing with CMI for shallow-draft and ice-class work supporting BP, NCPOC, AgipKCO and Saipem.
• PACC Offshore Services Holdings (POSH): Singapore-based offshore vessel operator with AHTS, PSV and accommodation tonnage across Asia-Pacific, Middle East and Brazil, competing with CMI for regional charter and project work.

Broad incumbents

• Tidewater Inc. Largest global OSV operator with hundreds of vessels worldwide, including deepwater AHTS and PSV tonnage that competes with CMI's fleet for IOC and NOC tenders across geographies.
• Edison Chouest Offshore: Privately held global OSV major with a broad offshore vessel portfolio, including high-spec AHTS and platform supply vessels serving many of the same IOC customers as CMI.
• Vroon Offshore Services: Dutch offshore vessel operator with PSV, AHTS and subsea-support tonnage; absorbed Topaz Energy and Marine in 2020 and serves the same oil-major customer base as CMI in the North Sea and beyond.
• Seacor Marine Holdings: US-listed offshore support vessel company operating PSVs, AHTS, crewboats and liftboats worldwide, directly comparable in business model and customer profile (oil majors and NOCs).
• BOURBON Corporation: French offshore marine services provider with a large global fleet of AHTS, PSV and crewboats; restructured in 2020-2022 and continues to serve oil-major and EPC clients overlapping with CMI's customer base.

Regional players

• MISC Berhad: Malaysian shipping and offshore operator (Petronas-linked) with offshore and LNG vessel tonnage that competes with Surya Nautika / CMI's Malaysian JV for Malaysian-flag crewboat and offshore support work.
• Havila Shipping ASA: Norwegian offshore vessel owner/operator focused on North Sea AHTS, PSV and subsea tonnage; broader AHTS and offshore-support overlap with CMI's DP1/DP2 fleet though typically in different geographies.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cmioffshore
• LinkedInlinkedin.com/company/cmi-offshore-limited-caspian-mainport-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 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 CMI Offshore Group