Topaz Energy and Marine has been merged into P&O Maritime to form new brand P&O Maritime Logistics (POML) following its acquisition by Dubai terminal operator DP World in July.
“Through the synergies created by the merger of the two companies, under the DP World umbrella, the POML business is well positioned to grow and build further scale and value for customers and shareholders alike,” Topaz said in a release.
POML will focus on three strategic segments – offshore, port services and logistics while a core focus for the company will be the further optimization of offshore logistics for energy companies.
The company will be led by former Topaz CEO, René Kofod-Olsen.
“Our industry is constantly changing and evolving. Customers now want a handful of select, trusted, suppliers who can provide much more than one single service. P&O Maritime Logistics is strategically positioned to provide a wide portfolio of services to our customers, be it within one segment such as offshore or port services, or an integrated logistics offering with a combination of services. Owing to the integration between the two companies, we will be able to offer it all and to deliver a difference which drives value for our customers, across all seven continents,” said Kofod-Olsen.
McDermott restruc ...
McDermott has finalised a pre-packaged restructuring of its estimated $9.86bn...