ShippingWatch

Topaz ready for expansion drive in toxic offshore market

The offshore carrier Topaz Energy and Marine is now ready to expand beyond its three core areas, even though the industry is currently suffering. An expansion of the fleet is also approaching, says CEO Rene Kofod-Olsen to ShippingWatch.

The Dubai-based company Topaz Energy and Marine is currently pleased with the fact that the company in 2013, chose to wave goodbye to its business in Brazil and end small cooperations with oil companies such as Petrobras.

While other companies are struggling with bad business and the crisis on the Brazilian oil market as well as in Petrobras, Topaz has been able to concentrate on its three other markets in the Caspian Sea, the Middle East and West Africa. The offshore carrier has a long history with the Caspian Sea and the Middle East, while West Africa is a market which has entered the portfolio in recent years.

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