MESSAGE FROM THE CEO
P&O Maritime Logistics is a leading provider of marine solutions with focus on offshore energy, port services and logistics. The company owns and operates approximately 400 vessels and provides a wide portfolio of value-added marine services and the ability to integrate these offerings for its customers – always with safety and the environment at the forefront.
Headquartered in Dubai, the company has operations globally across the globe. In July 2019, Topaz Energy and Marine was acquired by DP World, merged with P&O Maritime and started operating under the P&O brand as P&O Maritime Logistics.
The offshore support vessel industry has experienced extraordinary pressure and continues to be impacted by market conditions. Despite these challenges, P&O Maritime Logistics believes the industry demonstrates fundamentally attractive long-term dynamics supported by the inevitable rebalancing of supply and demand for extracted energy. We have taken advantage of the current market conditions to streamline our operations, demonstrating the resilience yet flexibility of our strategy to remain competitive.
GLOBAL OPERATIONS AND LONG-STANDING PARTNERSHIPS
With strong positions in our home markets of the Middle East and the Caspian Sea, P&O Maritime Logistics has capitalized on the strategic importance of these geographies to the global hydrocarbon market.
As a result of the strength of our operational and safety track-record, P&O Maritime Logistics continues to forge strong and long-standing relationships with many of the world’s leading oil and gas producers such as BP, Chevron, ExxonMobil, Total, ENI, Saudi Aramco and North Oil Company.
Our strong client relationships and our longer-term contracting model have allowed us to build and maintain an industry-leading backlog providing us with a high degree of revenue assurance over the medium and long-term, which has been important in the current market.
COMMITTED TO OUR STAKEHOLDERS
One of our core competitive strengths is the quality and on-going investment in our fleet of ~ 400 vessels. This ensures we have one of the most technologically advanced and versatile fleets with an average vessel age of approximately 9 years, well below the global average.
Our responsibility towards the environment, our employees and our communities is fundamental to POML’s activities. Our unwavering commitment to safety is one of the key factors distinguishing POML from our competitors and our investment in this area has been acknowledged through several HSE-related awards granted by, both, clients and industry trade bodies.
The quality of our people supports the execution of our strategy and promotes a culture of excellence throughout the organization. P&O Maritime Logistics continues to enhance crew welfare and offer ongoing professional development opportunities, which helps us to attract and retain the best people.