MMA Offshore

Name

MMA Offshore

Legal name

MMA Offshore Limited

Website

https://mmaoffshore.com

Company type

Private

Founded year

2025

Operating status

Acquired

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

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

akta.pro secondary industries

Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI), Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

Keywords

• Offshore wind services
• Marine subsea services
• Offshore support vessels
• Energy transition maritime
• Offshore vessel charter

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Distribution channels1 record

Marketing channels2 records

Core offering

MMA Offshore (now operating as Cyan Renewables) provides marine and subsea services to the offshore energy industries through a fleet of approximately 20 offshore support vessels (OSVs), including platform supply vessels, multi-purpose support vessels, and emergency response rescue vessels. The company delivers geosolutions, installation and construction, operations and maintenance, environmental and blue economy, and decommissioning services primarily for the offshore wind sector.

Product overview

Cyan Renewables (formerly MMA Offshore) is a leading international maritime operator providing marine and subsea services for the global offshore wind industry and energy transition. The company operates a diversified fleet of approximately 35 vessels and offers five core service lines: Geosolutions (survey services), Installation & Construction (WTIVs, FFIVs, HTVs), Operations & Maintenance (SOVs, CTVs, Jack-Up barges), Environmental & Blue Economy (ERRVs), and Decommissioning services. The portfolio includes various vessel types such as Walk-to-Work vessels, Multi-Purpose Support Vessels, Platform Supply Vessels, and Emergency Response Rescue Vessels. The company was established in September 2022 with backing from Seraya Partners and has grown through acquisitions including MMA Offshore (AU$1.1B, April 2024) and Sentinel Marine (75% stake, July 2023).

Differentiator

Problem solved

Functional benefit

Brands

• Cyan: Primary brand used by the company following rebranding from MMA Offshore
• Sentinel Marine

Products and services

• Geosolutions Environmental, geotechnical and geophysical survey services using specialized survey vessels to assess seabed conditions and identify optimal turbine locations. Targeted at offshore wind developers.
• Installation & Construction Services Turbine and foundation installation services using Wind Turbine Installation Vessels (WTIVs), Floating Foundation Installation Vessels (FFIVs), and Heavy Transportation Vessels (HTVs) for the offshore wind industry.
• Operations & Maintenance (O&M) Long-term wind farm operations and maintenance support using purpose-built Crew Transfer Vessels (CTVs), Service Operation Vessels (SOVs), and Jack-Up (JU) barges including SWATH-designed SOVs.
• Environmental & Blue Economy Services Emergency Response and Rescue Vessel (ERRV) services supporting fishery inspections, environmental emergency response, and sustainable fisheries management.
• Decommissioning Services Safe and sustainable decommissioning services for offshore structures including regulatory and environmental adherence, marine environment restoration, and integrated reef solutions.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

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

• Siemens GamesaflagshipStrategic or Co-development Partner · 1 February 2024Awarded 15-year SOV contract by Siemens Gamesa to support Hai Long wind farm in Taiwan. This was the first SOV contract in Asia awarded to Cyan Renewables, with VARD Newbuild providing vessel construction.
• Sentinel MarinecoreStrategic or Co-development PartnerAcquired 75% of UK-based Sentinel Marine and 13 OSVs in July 2023, expanding Cyan Renewables' presence in the UK offshore wind market.
• DEMEcoreStrategic or Co-development PartnerAcquired the Groenewind SOV (Service Operations Vessel) from DEME in July 2023 as part of fleet expansion strategy.
• VARDcoreStrategic or Co-development PartnerShipbuilder contracted to construct newbuild vessels for Cyan Renewables, including SOV vessels for the Siemens Gamesa Hai Long contract.
• VestasminorStrategic or Co-development PartnerStrategic partner in offshore wind sector, part of Cyan Renewables' ecosystem of wind turbine manufacturer relationships.
• EquinorminorStrategic or Co-development PartnerNorwegian energy company and offshore wind developer, partner in Cyan Renewables' network of industry relationships.
• Cosco ShippingminorChannel Partner/ Reseller/ DistributorShipping and logistics partner for maritime transportation of offshore wind components.
• TRE TaiwanminorStrategic or Co-development PartnerTaiwan-based renewable energy partner supporting offshore wind operations in the Taiwan market.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cadeler: Pure-play offshore wind installation vessel owner-operator (WTIVs/FFIVs) listed in Oslo. Directly comparable to Cyan's Installation & Construction business and competing for the same next-generation vessel newbuilds.
• Vroon: Dutch shipping group with PSV/subsea and offshore wind service vessel operations. Closely comparable in vessel types (PSVs, SOVs, walk-to-work) and end-markets to Cyan/MMA Offshore.
• Esvagt: Danish provider of SOVs and CTVs to the European offshore wind industry. Directly competes with Cyan on long-term O&M vessel charters and shares the same Siemens Gamesa/Ørsted-style contract structure.
• Bourbon (offshore services): French-headquartered OSV operator with PSV/AHTS fleet serving offshore energy markets. Directly comparable vessel portfolio and customer base to MMA Offshore's legacy OSV business.
• Bernhard Schulte Offshore: Operates SOVs and offshore support vessels for wind farm O&M globally. Direct competitor to Cyan on SOV fleet and offshore wind service contracts.

Broad incumbents

• Solstad Offshore: Large Norwegian OSV operator with PSV/AHTS/subsea fleet. Overlaps with Cyan's Platform Supply Vessels, AHTS, and subsea service lines in oil & gas and wind markets.
• Siem Offshore: PSV/AHTS and subsea construction vessel owner serving both oil & gas and offshore wind. Provides comparable vessel services to wind developers and O&G operators.
• DOF: Norwegian subsea and OSV operator with PSVs, AHTS, and subsea construction vessels. Broad incumbent overlap with Cyan's subsea, geosolutions, and decommissioning services.

Emerging players

• Havfram: Norwegian-founded offshore wind installation vessel company (Ngask, formerly from strategic partnership with DEME). Emerging pure-play in the same WTIV/FFIV niche as Cyan's Installation & Construction.

Regional players

• EDT Offshore: Middle East / Mediterranean-focused OSV owner (EDT = Egyptian Drilling & Trading). Adjacent offshore vessel operator with similar vessel types, competing for global OSV demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mma-offshore-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about MMA Offshore