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HEAVY HAUL: A Tams Group vessel replaces a fender at a jetty. Photo: Tams Group

Oil price albatross weighs on marine logistics players

The marine logistics sector is yet to significantly rebound from the lower oil prices of the past few years, although positive signs are emerging.

Western Australia’s offshore logistics market has had a shake-up in recent months, with two supply bases changing hands and work starting on a $123 million project to build a new facility in Onslow.

ASX-listed MMA Offshore is in the process of selling its Dampier supply base to Toll Group for $44.1 million, while further north, the company is selling its 50 per cent share of a Broome supply base to Toll.

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MMA Offshore (MRM)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
207thMACA78%2%
290thAustralian Finance Group45%0%
705thPremiere Eastern Energy-41%0%
713thMMA Offshore-44%-39%
765thWellard-68%0%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/11/15
$48k Bought
11/11/15
$304k Bought
11/11/15
$25k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

11th-Wellard$579.0m
12th↑Australian Finance Group$513.9m
13th↓MMA Offshore$494.4m
14th↓Premiere Eastern Energy$457.5m
15th↑MACA$447.3m
226 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MMA Offshore

80thJeff Weber$1,000k
197thPeter Raynor$606k
199thDavid Ross$605k
Ranked by total remuneration from all listed WA companies

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