MoneyWorks4Me analysed the past 10-year performance of Global Offshore Services Ltd and arrived at the following conclusion:
The 5-year analysis of Global Offshore Services Ltd's performance infers:
We analysed the performance of Global Offshore Services Ltd share prices over the last 10 years. Here is what we found out:
Garware Offshore Services Limited was incorporated as Garware Shipping Cooperations Limited on September 20, 1976, promoted by Late Padma Bhushan B.D. Garware, founder of Garware Group of Companies.
The company presently owns and operates a fleet of six anchor handling tugs cum vesssels ( AHTSV'S) and five platform supply vessells (PSV'S). The company's vessels are working in various markets including India, Europe and Far East.
The company has a wholly owned subsidiary incorporated in
The company has a wholly owned subsidiary incorporated in Singapore, 'Garware Offshore International Shipping Pte. limitedâ€™ incorporated in 2007.
The company has placed an order for one larger PSV scheduled for delivery in the 3rd quarter of F.Y.2011. In Addition, The companys Singapure Subsidary will bareboat two assets in the 3rd Quarter of F.Y.2010.These are one work BARGE and one AHTSV.
The companyâ€™s vessels support the oil and gas exploration efforts and are presently employed with various E& P companies.
The companyâ€™s platform supply vessels are employed in India and in the North Sea. The main functions of these vessels are
The company has worked with various operators E & P including: ONGC, British Gas, Transocean, Cairn Energy, Senergy, Petrofac, C N R, British Petroleum, etc.
Garware Offshore Services in April 2009 has secured a firm contract for 3 years from Oil & Natural Gas Corporation (ONGC) for its newly built platform supply vessel â€˜M V Makaluâ€™. The annual revenue from this contract is expected to be in the region of Rs 350 million.