SeaEnergy to Exit Ship Management by Year End

Energy services group SeaEnergy has undertaken the necessary activities to exit the ship management business by the end of the year.

“SeaEnergy has now handed over operational responsibility for the ships previously under management and expects to have completed its exit from ship management by the end of the year,” the company said in a release.

The types of ships previously managed by the company included traditional cargo vessels and bulk carriers, DP vessels operating walk to work gangways, DP diving support, survey vessels, cable layers, seismic support vessels, supply vessels and fast launch/fishery protection vessels.

SeaEnergy Ship Management Limited was launched in June 2013 to offer ship management services across the offshore energy sector with a particular specialism in “walk to work”.

SeaEnergy also said that it has agreed a working-capital funding package under which it can draw up to GBP 1.0 m (USD 1.5 m) over the next 12 months.

“During 2015, sustained low oil prices have very severely impacted levels of business in the core R2S offering as well as in other parts of the group.

“Revenue from continuing business for the year ending 31 December 2015 is now expected to be between £2.6 and £2.8 million, resulting in a significant loss,” the company added.

SeaEnergy PLC is an offshore energy services business, based in Aberdeen, Scotland and it has three active divisions comprise R2S, Consulting and Marine.

World Maritime News Staff; Image: SeaEnergy

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >