WINS takes delivery of largest platform supply vessel
Wednesday, April 30 2014 - 01:04 AM WIB
IDX-listed shipping firm PT Wintermar Offshore Marine Tbk (WINS) said it has taken delivery of "WM Pacific?, the largest platform supply vessel (PSV) flying the Indonesian flag.
It is the third new delivery for this year as the company expects another 2 vessels in the remaining period of 2014.
?WM Pacific is our 4th and largest platform supply vessel. She will be the only Indonesian flagged PSV that is equipped with firefighting capability certified to FIFI 2 standard,? the company said in a statement Tuesday.
The vessel is 83 meters long, equipped with DP2 (dynamic positioning) and classification ABS + A1 (E) offshore support vessel notation. It is certified to participate in search and rescue operations; has oil recovery capability and capable to transport methanol; and has 1,000m2 of deck space and her cabins can accommodate up to 58 persons, the statement said.
?We are currently in the process of tendering for several contracts for WM Pacific to support oil and gas exploration in Indonesia as well as outside of Indonesia,? WINS said.
WM Pacific was built in China by POET Shipbuilding and Engineering Pte Ltd. She is owned by PT WM Offshore, a subsidiary of PT Wintermar Offshore Marine Tbk, in partnership with PT Meratus Line. WM Pacific was funded by 30 percent shareholders funds and a 70 percent bank loan with an international financial institution, the company said.
PSVs are designed to supply offshore oil platforms, transport goods and personnel to and from offshore oil platforms and drilling mobile units. 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 drilling activities.
This is the third new vessel delivery for WINS in 2014, the first and second being 1 unit Anchor Handling Tug and 1unit of 8000 BHP Anchor handling Tug Supply (AHTS).
?We have another 2 vessels expected for this year including with a total capex of about US$60 million for the year,? WINS said.
Editing by Reiner Simanjuntak