Stanford Marine

What Stanford Marine does

Stanford Marine, founded in 1997 and headquartered in Dubai, operates and manages a fleet of approximately 30-40 offshore support vessels — Platform Supply Vessels (PSVs), Anchor Handling Tug Supply vessels (AHTS) and Anchor Handling Tugs (AHT), Workboats, and Fast Crew Boats — serving National Oil Companies, International Oil Companies and oilfield service / EPC contractors in the Middle East, South East Asia and West Africa, with additional selected exposure in Mexico and East Africa. The newer-build tonnage features diesel-electric propulsion (Cummins QSK60-D(M) main engines and 1800kW generator sets), Class II Dynamic Positioning with Kongsberg K-Master reference systems (multi-redundant DGPS, Gyro, Cyscan, wind sensors and VRUs), FiFi 1 fire-fighting notation, and Grandweld GrandSuperior 42m crew boat designs optimised for shallow-water personnel transfer. The Group operates under a hub-and-spoke office structure with regional subsidiaries in Abu Dhabi, Saudi Arabia, Singapore and Malaysia.

The company's revenue mechanics combine (i) time-charter hire of owned vessels to oil and gas majors on multi-year contracts (e.g., 5-year charter with Total E&P Angola for Stanford Hawk with two 2-year options), (ii) cross-chartering of third-party OSVs via its commercial network for management fees, and (iii) full technical vessel management for third-party owners. Pricing is negotiated per contract and is not publicly disclosed; vessel mix, contract duration, geography and project requirements drive day rates. Go-to-market is enterprise field sales built on long-standing pre-qualification with NOCs and IOCs including Saudi Aramco, ADNOC subsidiaries (ADMA, Zadco), Qatar Petroleum, Total, ExxonMobil, Petronas, Pemex, and EPC players such as McDermott, Technip, NPCC, Larsen & Toubro and Halliburton.

A defining structural feature is Stanford Marine's position within the Stanford Marine Group, which also owns Grandweld Shipyards — a captive shipbuilding and ship-repair yard that has built 12 vessels for the company to date and supplies the post-2020 fleet renewal pipeline. The Group completed a debt restructuring in 2020, enabling renewed investment in modern high-spec tonnage. The fleet's customer mix, geographic diversification and integrated yard relationship form the basis of the company's competitive position in regional OSV chartering.

Name

Stanford Marine

Legal name

Stanford Marine LLC

Website

https://stanford-marine.com

Company type

Private

Founded year

1997

Operating status

Operating

Short description

Stanford Marine is a Dubai-based offshore support vessel operator with a fleet of about 30-40 PSVs, AHTS, workboats and crew boats chartered primarily to NOCs, IOCs and EPC contractors in the Middle East, South East Asia and West Africa, supported by a captive shipbuilding yard.

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)

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 support vessels
• Vessel chartering services
• Platform supply vessels
• Anchor handling tugs
• Marine logistics services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Vessel Chartering: Stanford Marine owns and charters out a large fleet of high-spec Offshore Supply Vessels including PSVs, FSVs, Fast Crew Boats, and Anchor Handlers (AHTS and AHT) to oil and gas companies. Revenue is generated through time charter contracts, typically long-term, with day rates varying by vessel class.
2. Cross-Chartering / Commercial Management: Stanford Marine acts as a commercial manager for third-party owners of Offshore Support Vessels, leveraging their established commercial network to secure charters for third-party vessels in exchange for management fees.
3. Technical Vessel Management: Stanford Marine offers full technical management of third-party Offshore Support Vessels, providing owners access to their experienced team and effective management systems for a management fee.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Stanford Marine owns, operates, and charters a fleet of approximately 40 offshore support vessels — Platform Supply Vessels (PSVs), Anchor Handling Tugs/Tug Supply (AHT/AHTS), Workboats, and Fast Crew Boats — to oil and gas exploration and production companies, drilling contractors, and offshore construction firms. The company also provides cross-chartering/commercial management and full technical management services for third-party vessel owners, leveraging its regional commercial network and HSE-certified management systems.

Product overview

Stanford Marine is an offshore support vessel provider operating a diverse fleet of over 30 vessels, consisting of four vessel types: Platform Supply Vessels (PSV), Anchor Handling Tugs (AHT)/Anchor Handling Tug Supply (AHTS), Workboats, and Crew Boats. The company offers vessel chartering services through its own fleet, cross-chartering services for third-party vessel owners, and full technical vessel management. The fleet operates primarily in the Middle East, South East Asia, and West Africa servicing the Oil and Gas industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Platform Supply Vessels (PSV) Offshore Supply Vessels designed to transport cargo, equipment, and personnel to offshore oil and gas platforms; the fleet includes PSVs of various sizes with different deadweight capacities and DP capability for offshore oil and gas operations.
• Anchor Handling Tugs (AHT) / Anchor Handling Tug Supply (AHTS) Vessels designed for anchor handling operations, towage, and supply duties for offshore installations, supporting rig moves, towing, and offshore logistics; fleet includes vessels such as Stanford Mermaid, Stanford Bravo, and Stanford Alpha.
• Workboats Multi-purpose work and maintenance vessels including utility supply vessels and workboats for offshore construction and maintenance support; vessels include Stanford Provider, Stanford Hunter, and Stanford Hobby.
• Crew Boats Fast crew boats designed for personnel transport to offshore locations, including the 42m GrandSuperior series built by Grandweld Shipyards with 80–83 seat capacity, 100 m² clear deck area, 24–26 knot speed, and 1.82m low draft for shallow water operations; vessels include Stanford Maya, Stanford Pelican, Stanford Harrier, Stanford Volga, and Stanford Niger.
• Stanford Fleet Chartering Chartering services for Stanford Marine's fleet of over 30 vessels including Supply Boats (PSV and FSV), Fast Crew Boats, and Anchor Handlers (AHTS and AHT) for offshore support activities to oil and gas companies on time charter contracts.
• Cross-Chartering & Vessel Management Commercial management services for select third-party owners of Offshore Support Vessels, leveraging Stanford Marine's commercial network to secure charters, combined with full technical management services providing owners access to experienced staff and HSE-certified management systems.

Quantifiable outcome

• Fleet grew from 1 vessel in 1997 to almost 40 vessels by 2022, demonstrating consistent growth over 25 years.
• +3 more outcomes

Named customers24 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Grandweld ShipyardscoreStrategic or Co-development Partner · 2 November 2021Grandweld Shipyards is a sister company within the Stanford Marine Group. Grandweld builds and repairs offshore support vessels for Stanford Marine. As of 2021, Grandweld had built 11th and 12th vessels for Stanford Marine. The partnership includes construction of two 42m GrandSuperior crew boats (Stanford Pelican and Stanford Harrier) launched in 2022. The Group completed debt restructuring in 2020 and embarked on a strategic fleet renewal program, with Grandweld contributing custom vessel builds including PSVs, AHTS, workboats, and crew boats.
• MexishipcoreStrategic or Co-development Partner · 20 July 2014Mexiship is the local partner in Mexico facilitating Stanford Marine's 3-year charter contract for Stanford Bateleur with end-user Pemex. Mexiship provides local logistical support and operational coordination for vessel operations out of Dos Bocas, Tabasco, Mexico. Stanford Bateleur (87m DP2 PSV) was deployed as an Injector Vessel for Pemex operations in Mexico.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gulf Marine Services: UAE-headquartered OSV operator providing self-elevating support vessels and crew boats primarily to Middle East NOCs. Direct geographic peer with overlapping customer base including ADNOC and Saudi Aramco.
• Bourbon Corporation: French-headquartered global OSV operator with a large fleet of AHTS and PSVs serving offshore oil & gas majors. Comparable chartering model and vessel mix to Stanford Marine.
• Tidewater Inc. Largest pure-play global OSV operator with a fleet of PSVs, AHTS, and crew boats serving NOCs and IOCs worldwide. Closest publicly listed analog for Stanford Marine's chartering business model.
• SEACOR Marine: Global OSV provider operating PSVs, AHTS, and specialty vessels serving offshore energy and adjacent markets. Direct competitor in the time-charter segment for offshore E&P customers.
• Topaz Energy and Marine: Middle East-headquartered OSV operator with a sizable fleet serving Caspian, MENA, and West African offshore markets. Direct regional peer with similar chartering business model.
• Edison Chouest Offshore: Privately held US-based OSV operator with a large, modern fleet including DP2 and DP3 vessels serving the offshore oil & gas industry globally. Comparable charter model and vessel technology tier.
• Vallianz Holdings: Singapore-based OSV operator with a Middle East-anchored fleet of AHTS and PSVs serving NOCs in the Gulf and Southeast Asia. Highly comparable geographic focus and customer profile.
• Vroon Offshore Services: Netherlands-based family-owned OSV operator with a fleet of PSVs, AHTS, and subsea support vessels serving NOCs/IOCs globally. Comparable privately held operator with multi-regional footprint.
• Swire Pacific Offshore: Singapore-headquartered OSV operator with a global fleet of AHTS, PSVs, and subsea vessels serving the offshore oil & gas industry. Comparable privately held operator with Asian operational base.
• Mermaid Maritime: Thailand-listed offshore services company operating AHTS, PSVs, and subsea vessels across Southeast Asia, the Middle East, and West Africa — overlapping regional and customer footprint with Stanford Marine.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stanford-marine-mmpl

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Stanford Marine