The workhorses of the offshore energy industry, tasked with the reliable transport of essential drilling materials, supplies, and liquid mud to offshore rigs and platforms.
For large-scale construction projects, transport efficiency is key. Astro’s fleet of high-horsepower ocean tugs and flat-top ballastable barges enables the safe transportation of massive topsides, jackets, pipes, and specialized equipment from fabrication yards to offshore fields. 3. Subsea and Accommodation Support astro offshore
Astro Offshore provides turnkey marine solutions across the Middle East, Southeast Asia, and Africa: The workhorses of the offshore energy industry, tasked
The company differentiates itself through an integrated approach to marine logistics and subsea operations. According to its company profile , core services include: The fleet is characterized by its versatility and
Astro Offshore manages a fleet of approximately , comprising a mix of owned and managed tonnage. The fleet is characterized by its versatility and adherence to high technical standards.
In August 2024, Adani Ports and Special Economic Zone Ltd (APSEZ) executed a definitive agreement to purchase an 80% stake in Astro Offshore for in cash (implying an Enterprise Value of $235 million). At the time of the transaction, Astro generated $95 million in revenue and $41 million in EBITDA, operating with a clean, net-cash-positive balance sheet.