Standard Supply was established and listed on Euronext Growth in 2022 in order to capitalize on the improving market for Platform Supply Vessels (“PSVs”).
The company is owned c. 70% by S.D. Standard ETC Plc (“SDSD”), a company with long history of cyclical asset plays.
Standard Supply has a clear strategy of returning excess cash to shareholders.
There has been great efforts made to reduce capacity in the PSV market in this last downturn that have lasted for eight years.
At the low point in 2017, there were more than 100 PSVs in lay-up in Europe. Today most of these vessels have been sold for scrap or conversion.
Overall, the PSV fleet trading in the North Sea has been reduced by c. 25% throughout this period.
Sjølyst plass 2, 0278 Oslo – Norway
July 22, 2022Stock exchange(s)