November saw the Admiral Offshore management team conduct business travel to Dubai to meet up with key suppliers and clients. After what had been a very long time without face-to-face meetings due to the Covid-19 pandemic, this signalled a very welcome return to revisiting key relationships.
With three days of travel planned, the finance team coordinated meetings with Dubai based staff, third party finance providers and the company’s bankers.
The business team hosted several meetings with established market providers in the offshore, salvage, supply, and bunkering sectors. The meetings provided invaluable insight into the offshore sector with the key theme centred around the market state steadily beginning to improve and strengthen once again and it is hoped that over the course of 2022 and into 2023 improvements in rates and terms will build confidence in the financing of new builds and acquisition.
Correctly insuring the Admiral business into the London market has always been a key base line for the company operations and it was useful to ensure relationships are maintained face to face.
The opportunity to travel for business once again was both encouraging and provided a well-received change of scenery from the online Microsoft Teams working environment that we have all grown accustomed to over the past 18 months or so.
We have a variety of charter and operating arrangements in place and have the flexibility to deliver a range of solutions in order to meet client needs. We provide support to a variety of market sectors.
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