Recent Insider Trading: GulfMark Offshore, Inc. $GLF

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GulfMark Offshore, Inc. (NYSE:GLF) insider have most recently took part in a trading activity. On Dec 21, 2017 Captain Q, Llc, Director, 10% Owner bought 8,334 shares having total worth of $158,346 at the price of $19 per share, following the transaction a total of 1,177,150 shares owned by Captain Q, Llc.

Shares of GulfMark Offshore, Inc. (NYSE:GLF) traded down 0.88% on Dec 21, 2017, hitting $28.25. 8,115 shares of the company’s stock traded hands. GulfMark Offshore, Inc. has a 52 week low of $0.25 and a 52 week high of $30.84. The company’s market cap is $41 million.

GulfMark Offshore, Inc. is a Delaware corporation, which was incorporated in 1996. It provides offshore marine services to companies involved in offshore exploration and production of oil and natural gas. The Company and its subsidiaries provide offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. Its vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. The majority of its operations are conducted in the North Sea, offshore Southeast Asia and offshore in the Americas. The Company also offers contract vessels into other regions to meet its customers’ requirements. It currently operates a fleet of 78 offshore supply vessels in the following regions: 33 vessels in the North Sea, 16 vessels offshore Southeast Asia, and 29 vessels offshore the Americas. The Company provides marine support and transportation services to companies involved in the offshore exploration and production of oil and natural gas. The Company vessels transport drilling materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. A substantial portion of its operations are international. The Company’s fleet has grown from an original 11 vessels in 1990 to the present number of 78 active vessels. At February 25, 2013, its active fleet includes 70 owned vessels and 8 managed vessels. The Company currently has 11 vessels under construction that have delivery dates ranging from second quarter 2013 through first quarter 2015. The Company also provides management services to other vessel owners for a fee. The Company defines the North Sea market as offshore Norway, Denmark, the Netherlands, Germany, Great Britain and Ireland, the Norwegian Sea and the area West of Shetlands. The Southeast Asia market is defined as offshore Asia bounded roughly on the west by the Indian subcontinent and on the north by China. This market includes offshore Brunei, Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. It defines the Americas market as offshore North, Central and South America, specifically including the United States, Mexico, Trinidad and Brazil. The Company’s main customers are integrated oil and natural gas companies, large independent oil and natural gas exploration and production companies working in international markets, and foreign government-owned or controlled oil and natural gas companies. Additionally, its customers also include companies that provide logistic, construction and other services to such oil and natural gas companies and foreign government organizations. The Company competes with approximately a dozen competitors in the North Sea market and numerous small and large competitors in the Southeast Asia and Americas markets. It competes principally on the basis of suitability of equipment, price and service. The Company’s operatio

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.