We are an offshore marine group engaged in shipbuilding, ship repair and conversion and ship chartering. Our customers are primarily fleet operators who provide logistics support to offshore services and equipment companies operating globally in the oil and gas industry.

We build a range of small, medium and large offshore support vessels at our shipyard in Batam, Indonesia and outsourced third party shipyards in China. Our strategic focus is on building offshore support vessels such as AHTS vessels and PSVs which comply with the technical specifications required to operate in the North Sea, including the requirements of Norwegian Maritime Directorate and Det Norske Veritas.

Our specialised focus has allowed us to build up our expertise in constructing high specification offshore support vessels, to improve our production quality and efficiency and to develop a competitive cost structure. It has also enabled us to gain recognition in the construction of complex and sophisticated offshore support vessels. We retain ownership and charter out some of the vessels that we build. As at the Latest Practicable Date, our chartering fleet consists of 14 vessels comprising five tugs, five barges, one maintenance vessel and three AHTS vessels.

In addition, through our associated companies, we hold minority interests in the vessels thatwe sell to our strategic partners for chartering purposes. As at the Latest Practicable Date, we have four vessels comprising one accommodation work barge and three AHTS, that are chartered out through our associated companies.