English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 27 February 2013, 17:00 HKT/SGT

Source: PT Wintermar Offshore Marine Tbk
Wintermar (IDX:WINS) Takes Delivery of Third Platform Supply Vessel, "WM Natuna"

JAKARTA, INDONESIA, Feb 27, 2013 - (ACN Newswire) - The management of WINS is pleased to announce it has taken delivery of "WM Natuna", our latest Platform Supply Vessel (PSV). This latest vessel, together with our other two PSVs, WM Makassar and WM Sulawesi are the only three Indonesian flagged PSVs in the 3500 dwt class, thereby strengthening our market leadership in this segment of the Offshore Support Vessel (OSV) market in Indonesia.

WM Natuna is equipped with DP2 (Dynamic Positioning) and has Oil recovery capability. Classified with ABS + A1(E) Offshore Support Vessel notation, she also has ERRV certification ( Emergency Rescue and Response) and Fifi class 1 (firefighting). Her 20 cabins can accommodate up to 50 passengers.

We are currently in the process of tendering for several contracts for WM Natuna to support oil and gas exploration.

WM Natuna was built in China and is owned by PT WM Offshore, a 51% subsidiary of PT Wintermar Offshore Marine Tbk and a joint venture with PT Meratus Line. Funding for WM Natuna will be through 30% shareholders funds and 70% bank loan with an international financial institution.

Platform Supply Vessels are designed to supply offshore oil platforms, transport goods and personnel to and from offshore oil platforms and other offshore structures. They also have Cargo tanks designed for drilling mud, pulverized cement, diesel fuel, potable and non-potable water, and chemicals used in the drilling process. Fuel, water, and chemicals are almost always required by oil platforms.

This is the second new vessel delivery for WINS in 2013, the first being a 330 feet ballastable offshore barge, WINPOSH 3301. We have plans for 8 new vessels in this financial year, with a total capex of about USD60 million. These include Fast Utility Vessels, Anchor Handling Tugs, Utility Vessels in addition to the two vessels already delivered. This compares with 3 new vessel deliveries in 2012 comprising 2 units of 8000 BHP Anchor handling tug supply (AHTS) and one Anchor Handling Tug.

As at end January 2013, the total contracts on hand are worth USD193 million.

Ms Pek Swan Layanto
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel: +62-21-530-5201 Ext 401
Email: investor_relations@wintermar.com

Topic: New Product
Source: PT Wintermar Offshore Marine Tbk

Sectors: Gas & Oil, Logistics & Supply Chain
From the Asia Corporate News Network

Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


PT Wintermar Offshore Marine Tbk Related News
Apr 27, 2023 21:00 HKT/SGT
Wintermar Offshore (WINS:JK) Reports 1Q2023 Results
Apr 3, 2023 14:00 HKT/SGT
Wintermar Offshore (WINS:JK) Wins Silver Award for Asia's Best SME Sustainability Reporting Award
Mar 31, 2023 11:00 HKT/SGT
Wintermar Offshore (WINS:JK) Reports FY2022 Results
Dec 6, 2022 12:00 HKT/SGT
Wintermar Offshore (WINS:JK) Fully Repays USD 45 Million Loan to IFC
Dec 6, 2022 09:00 HKT/SGT
Fast Offshore Supply Pte Ltd, Singapore signs a Memorandum of Understanding to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd. and RINA
More news >>
Copyright © 2023 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575