Transforming Challenges to Triumph: Wintermar's Journey in the Offshore Support Vessel Industry

Wintermar's Journey in Offshore Support Vessels

Wintermar, once a humble tug and barge operator, has evolved into a leading regional player in the Offshore Support Vessel (OSV) industry. With over 5 decades of experience, the Company has expanded its operations to more than 13 countries over the years and currently serves a wide range of multinational clients. Wintermar has demonstrated resilience and adaptability in the face of industry challenges, focusing on long-term sustainability and continuous improvement.

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Throughout our journey of more than 50 years, Wintermar has consistently gained a deeper understanding of the changes impacting the offshore business, along with the ability to adapt by aligning our services in response to these changes. As a result, the Company has bounced back from the downturn in the oil and gas industry in recent years, with a strong balance sheet, a more efficient fleet, and a supportive shore team. Our focus on long-term sustainability has enabled us to build strength in the most crucial aspects of our business and create value for all our stakeholders. Wintermar has not only overcome past challenges but also created an exceptional track record of serving multinational clients.

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Vision

To be the leading operator of marine vessels for the energy industry in South East Asia.

Mission

To provide high quality marine support services through development and implementation of innovative solutions with a strong commitment towards safety.

To achieve the highest standards of professional conduct, through integrity, quality, teamwork and efficiency; and to ensure long-term sustainability benefiting all stakeholders.

Core Value

Integrity

The Company's culture is rooted in one simple Core Value - Integrity. Integrity is expected to be applied by all employees and crew in all daily activities, whether onshore or offshore. A deep understanding of integrity is instilled through regular training to create a mindset and attitude of Integrity in every individual in Wintermar. This is a commitment of Wintermar to build trust with all our stakeholders.

This Core Value governs the actions of all personnel in 3 main focus areas: Integrity of People, Integrity of Fleet/Vessels and Integrity of our Services.

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People

Steadfast adherence to a strict moral or ethical code.
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We abide by a strict ethical code.
Honesty: doing the right thing even when nobody is watching.

Fleet

The state of being unimpaired; soundness.

Our vessels are all sound, of high quality and undamaged.

Service

The quality or condition of being whole and undivided.

We work as one united team to provide the best service to our customers.

Wintermar's Global Impact in Offshore Support Services

Wintermar is proud to be an Indonesian company with international service standards. After establishing the Company's position as a reputable offshore services provider in Indonesia, the Company expanded its operations to greater Southeast Asia and eventually globally. Our global presence have been a result of aligning with our vision, "To be the leading operator of marine vessels for the energy industry in South East Asia", hence leading to invitations to participate in global projects. The geographic spread of operations reflects the trust our clients place in Wintermar, as our reputation is being built in the international arena.

Journey of Strength and Excellence

The Beginning

1970

Obtained one of nine offshore shipping licences awarded in Indonesia.

1980

Transporting logs for the timber industry.

Transition to Offshore

1992

Obtained first oil and gas contract with international oil company, Virginia Oil Company.

1997

First major tender won from Caltex (Chevron).

1998

Delivered first tanker, 1500 DWT Satria Satu to Pertamina.

Public Listing and Expansion of Fleet

2010

Initial public offering on the IDX.

2010

Pioneered the first 4 units of Platform Supply Vessels in the Indonesian flag and purchased a fleet of 8000 BHP AHTS.

2011

The first Indonesian shipping company to be awarded Integrated Management System Certification by LRQA comprising quality, environmental and occupational health and safety standards.

2012

Strategic alliance with PACC Offshore Service Holding Group, Singapore.

2014

Acquired a 51% stake in PT Fast Offshore Indonesia.

2014

IFC - member of World Bank Group became a shareholder of PT Wintermar Offshore Marine Tbk.

Expansion in Geographical Coverage and Services

2014~

Extended operations beyond South East Asia, to the greater Asian region, Australia, Africa and the Middle East.

2018

Expanded services with DP2 vessels to support Geophysical and Geotechnical surveys, also served the telecommunications sector through ROV services (inspections, observation tasks) for laying optical cables.

2019

First Indonesian company to be certified to become a signatory of the Brunei Integrity Pact.

2020

Expand scope of work to support installation of unipiles for offshore windfarms.

Strengthening of Balance Sheet and Fleet Rejuvenation

2021

Reduced gearing through sale of older vessels and repayment of debt.

2022

Acquired 6 mid to high tier vessels to reach a fleet size of 41 by end of 2022.

Wintermar Now

We continue to pursue our vision of becoming the Leading Operator of Marine Vessels in the energy industry in South East Asia.

Global Reach, Ongoing Expansion

Wintermar goes where our clients need us. With a strong presence in Southeast Asia and certain key markets, we have operating expertise across a wide geographical area.

843

Crew

44

Operating Vessels

10

Countries