Standard Supply
Ownership and operation of Platform Supply Vessels, capitalizing on market upcycles to deliver significant shareholder distributions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | NOK35.0m | Private Placement non VC | |
| Total Funding | 000k | ||
Established in 2022 and listed on Euronext Growth, Standard Supply operates in the oil service vessel market. The company's core business is the ownership of a fleet of Platform Supply Vessels (PSVs).
At the close of 2022, its portfolio consisted of nine vessels, including three large-sized and six mid-sized PSVs. The business model is centered on capitalizing on the early phases of market upcycles for these vessels. Revenue is generated through vessel operations and strategic sales.
A key component of the company's financial strategy involves distributing excess cash to its shareholders. Since its incorporation, Standard Supply has distributed a total of NOK 1.2 billion, which represents approximately 140% of its initial public offering price. The group, based in Oslo, Norway, continues to assess opportunities to maximize its remaining value.
Keywords: Platform Supply Vessels, PSV, oil service, vessel ownership, Euronext Growth, shareholder distributions, asset sales, shipping, energy services, market cycle