Offshore Industry News

Colebrook Offshore Advises Global Marine Group on Strategic Divestment in 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.

CBO Logo BlueThe 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.”

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