Wintermar attains an improved OHSMS certificate
Tuesday, October 13 2020 - 04:38 PM WIB
By Alexander Ginting
IDX-listed offshore support vessel provider PT Wintermar Offshore Marine Tbk (WINS) said the company on Oct. 8, 2020, received a certification of compliance with the new and improved ISO 45001:2018 certification for Occupational Health and Safety Management System (OHSMS), demonstrating the group's continued commitment to quality services for its clients.
This milestone, achieved in the midst of the COVID-19 pandemic, underscores the importance placed on employee and client health and safety. It also marks the continuing move towards risk-based thinking in the management system, the company said in a statement.
The company said its integrated management system is now certified for the upgraded ISO requirements in all three areas: Quality through ISO 9001:2015, Environment through ISO 14001:2015, and for Occupational Health and Safety through ISO 45001:2018.
Read also: Wintermar H1 sales drop due to offshore drillings delays
During the past months, the company has worked to bring down the cost base, enforcing strict cost controls to improve efficiency. These measures help to offset some of the unexpected new costs related to COVID-19 testing, prevention, and quarantining, which are new standard precautions to prioritize the health and safety of clients and personnel during the pandemic, it said.
The initial downturn in oil prices in the second quarter has caused some contract cancellation and postponement. However, the gradual recovery in oil and gas demand has signaled a return of oil price stability in recent weeks. There has been a pick-up offshore activity lately. Fleet utilization has recovered from the slump in 2Q2020 as the Company managed to secure some short-term work to mitigate some of the loss of work caused by the pandemic.
As at end of August 2020, the company's contracts on hand amounted to US$69.5 million. The company currently operates a fleet of more than 48 offshore support vessels that are available for a long term and spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems, and monitored in real-time by shore-based vessel teams.
Editing by Roffie Kurniawan