On January 30, 2024, PT Wintermar Offshore Marine Tbk entered a strategic venture through a 49% stake in SAVWIN Sdn Bhd with a Brunei-based partner.
Through this partnership, Wintermar will have an advantage in tendering for longer-term contracts in Brunei which favour local content.
Fast Multi-Purpose Supply Vessel
Savwin Sdn Bhd will initially operate a Fast Multi-Purpose Supply Vessel which is currently on a long-term contract in Brunei until 2027. This initiative signifies the strategic expansion to enhance maritime service offerings and strengthen local presence in Brunei's maritime sector, where Wintermar has been operating since 2014.
Wintermar Group’s 4Q2023 fleet utilisation reached 74%, which was better than the 70% recorded in 3Q2023. Total contracts on hand as of 31 December 2023 amounted to US$ 82 million.