Stanford Marine Group

Stanford Marine Group

About Stanford Marine Group

Waha Capital owns a 49% stake in UAE-based Stanford Marine Group (SMG), which serves the offshore oil and gas sector in the GCC, Africa, Southeast Asia, India and the Gulf of Mexico. The company’s operations span across offshore support vessel (OSV) chartering, shipbuilding and repair, and crane leasing. 

  • 2006-12EBITDA CAGR of 21%

  • in operation

    40 vessels
  • 49% stake acquired by Waha Capital in 2008

Established in 1997 with headquarters in Dubai, Stanford Marine operates a fleet of 40 OSV’s. Grandweld, SMG’s shipbuilding and ship repair subsidiary, carried out over 561 repair and maintenance jobs in 2015.  

SMG serves industry leading clients including BG Group, McDermott, ZADCO, Occidental Petroleum of Qatar, Dubai Petroleum, Maersk Oil of Qatar, Abu Dhabi National Oil Company, Total, Abu Dhabi Ports Company, Kuwaiti Oil Tanker Company, Kuwait Oil Company, Halul Offshore, Bourbon, National Marine Dredging Company, and Zamil Offshore.

SMG is focused on continuing its growth in the core OSV operating business by expanding its vessel offering and maintaining its competitive advantage as a trusted operator with a modern, versatile and high-specification fleet. 

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