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Wintermar Offshore Marine (IDX:WINS) Takes Delivery of Largest Platform Supply Vessel "WM Pacific"

JAKARTA, Apr 29, 2014 - (ACN Newswire) - The management of PT Wintermar Offshore Marine (IDX:WINS) is pleased to announce the company has taken delivery of "WM Pacific", the Largest Platform Supply Vessel (PSV) flying the Indonesian flag.

WM Pacific is Wintermar's 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.

She is 83m long, equipped with DP2 (Dynamic Positioning) and classification ABS + A1 (E) Offshore Support Vessel notation. She is certified to participate in search and rescue operations. She has oil recovery capability and capable to transport methanol. She has 1,000m2 of deck space and her cabins can accommodate up to 58 persons.

The Company 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.

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% shareholders funds and a 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 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 Wintermar in 2014, the first and second being 1 unit Anchor Handling Tug and 1 unit of 8000 BHP Anchor handling Tug Supply (AHTS). The Company has another 2 vessels expected for this year for a total capex of about USD60 million for the year.

About PT Wintermar Offshore Marine

PT Wintermar Offshore Marine Tbk (IDX:WINS) is an Indonesian offshore marine services company that owns a fleet of over 64 vessels ready to handle a large variety of marine support services required in upstream oil and gas exploration and production activities including transporting crew, equipment and supplies, as well as providing services such as anchor handling, towing, and mooring of offshore rigs. Our young and growing fleet, comprising a wide variety of vessel types, enables us to offer innovative vessel and logistics solutions to serve our client base of multinational oil and gas companies. In 2011, WINS became the first shipping company in Indonesia to be certified with Integrated Management System by Lloyds Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.

Source: PT Wintermar Offshore Marine

Ms Pek Swan Layanto
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel +62-21-530-5201 Ext 401
Email: [email protected]

Copyright 2014 ACN Newswire. All rights reserved.

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