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 31/10/17

1 year TSR5 year TSR
131stSchaffer Corporation76%25%
226thCedar Woods Properties34%12%
647thMMA Offshore-38%-41%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$16k Bought
$48k Bought
$304k Bought
Total value as at the date of the transaction
Source: Morningstar


27th↑Cedar Woods Properties$222.4m
28th↓MMA Offshore$221.8m
30th↑Schaffer Corporation$215.0m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MMA Offshore

71stJeff Weber$1,000k
181stPeter Raynor$606k
183rdDavid Ross$605k
Ranked by total remuneration from all listed WA companies

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