Thursday, February 22, 2024

Colebrook Offshore Advises Global Marine Group On Strategic Divestment In The Offshore Power Cable Market

Colebrook Offshore (CBO) a chartering, sale and purchase, and market intelligence brokerage, and part of the CSO Marine Group, has advised Global Marine Group (GMG) on their successful divestment in the offshore power cable market.

The divestment strategy includes the sale of Global Symphony, a 130.2m purpose-built IMR and ROV support vessel, which has been part of GMG’s fleet since 2017.

Sam Stout, Managing Director at CBO, said, “Colebrook Offshore worked closely with GMG, drawing on our in-house market intelligence to advise our client on their divestment strategy. Utilising our comprehensive knowledge of the offshore vessels market, and our extensive network of industry relationships, we successfully supported a complex transaction involving a range of strategic assets.”

Colebrook Offshore

Colebrook Offshore (CBO), part of the CSO Marine Group, is a chartering, sale and purchase, and market intelligence brokerage.

With decades of experience, CBO’s team provides cost effective, safety-centric chartering solutions to offshore energy and marine renewables clients worldwide.

CBO provides global market forecasting and vessel availability data, empowering clients to make informed decisions in a challenging market.

Additionally, CBO provides support to finance and valuation agencies, assisting clients with purchase and business acquisition activities.

As part of the CSO Marine Group, CBO offers an integrated chartering solution, supporting clients from strategy and market approach to contracting and operational support.

CSO Marine Group

CSO Marine Group is a 360° integrated commercial and strategic solutions provider for the offshore energy and marine renewables sectors.

The Group comprises of three companies; Colebrook Offshore,, providing ship brokerage services and market intelligence, Offshore Operations, providing specialist offshore personnel and strategic and operational support to the offshore energy and renewables market, and Rockabill Marine Design, offering data-driven vessel design.

The CSO Team has an offshore heritage, founded in heavy lift and offshore construction, and now ranging through to life of field support services, vessel design and operational and commercial support.

As a member of RenewableUK, with an enviable track record of success in some of the world’s largest offshore wind projects, CSO Marine Group is ideally positioned to provide strategic support to companies in the renewables market globally.

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