Curated News
By: NewsRamp Editorial Staff
June 24, 2026

Wintermar Acquires Full Control of Fast Offshore, Adding 10 New CTVs

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TLDR

  • WINS gains full control of FOS, adding 5 CTVs on long-term charter and a shipbuilding contract, boosting earnings visibility.
  • WINS acquired 52.5% of FOS and 49% of FOI for US$33M, financed by cash and a US$20M loan, fully consolidating earnings.
  • New aluminum CTVs with motion-compensated gangways enhance safety for crew transfers, supporting offshore energy operations.
  • FOS built and will operate 55m CTVs powered by 9,000 BHP CAT engines and waterjets, designed for year-round operability.

Impact - Why it Matters

This acquisition matters because it significantly strengthens Wintermar's position in the offshore support vessel market, adding 10 new high-tech CTVs with long-term charters. The move provides earnings visibility and fleet modernization, crucial as the industry faces supply constraints. For investors and stakeholders, it represents a strategic consolidation that enhances profitability and competitive advantage in Asia's OSV sector.

Summary

In a strategic move to bolster its fleet and earnings visibility, PT Wintermar Offshore Marine Tbk (WINS) has acquired full control of Fast Offshore Supply Pte Ltd (FOS) and its Indonesian subsidiary, PT Fast Offshore Indonesia (FOI). The acquisition, valued at US$33 million, includes 5 new aluminum Crew Transfer Vessels (CTVs) set for delivery in 2027, along with a shipbuilding contract for an additional 5 units by 2028. These state-of-the-art CTVs, designed for high operability and safety, will be chartered to a major oil company in Brunei under a 5-year initial contract with extension options. This transaction not only expands WINS's high-tier fleet from 12 to 22 units but also introduces a new revenue stream from shipbuilding, enhancing the group's financial outlook.

The deal, involving the purchase of 52.5% of FOS from affiliated company Seacoral Maritime Pte Ltd and 49% of FOI, was executed at a fair valuation as per independent appraisal, compliant with OJK regulations. WINS will finance the acquisition through internal cash flow and a US$20 million loan. The acquisition is earnings accretive, allowing WINS to fully consolidate profits from the long-term charter and shipbuilding contracts without minority leakage. This strategic consolidation positions WINS as a leading owner and operator of DP vessels in Asia, with a younger fleet average age of 14 years and improved earnings predictability.

With a 50-year legacy, Wintermar Offshore Marine Group (WINS.JK) operates over 44 offshore support vessels, certified with ISO standards. The acquisition of FOS's specialized shipbuilding capabilities and its existing 7 Fast Multi-purpose Aluminum Vessels (FMPV) strengthens WINS's foothold in the offshore support vessel industry, particularly in Brunei and Indonesia. As the OSV market tightens due to limited new builds, this move secures a competitive edge for WINS in meeting growing demand for advanced, high-tier vessels. For more details, visit www.wintermar.com or view the original release on NEWMEDIAWIRE.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Wintermar Acquires Full Control of Fast Offshore, Adding 10 New CTVs

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