Currently, the unnamed vessel is stationed in Thailand, enhancing Wintermar’s fleet, which comprises approximately 50 offshore support vessels (OSVs) serving projects across Southeast Asia.
Earlier this year, Wintermar bolstered its presence in Brunei by entering a venture with a local partner. The joint venture, named Savwin, in which Wintermar holds a 49% stake, will initially deploy a fast multipurpose supply vessel. This vessel is on a long-term contract extending until 2027.
Wintermar’s expansion strategy also includes increasing its asset base, driven by rising charter rates and vessel sales. The company has invested $13.9 million in acquiring three additional vessels. This investment includes two newbuild heavy load barges expected to be delivered by the end of this year. Initially, these vessels will support drilling and exploration efforts before transitioning to construction and production roles.
Last month, Wintermar secured a notable two-year project for two Platform Supply Vessels (PSVs) at charter rates that are more than double the average rate for similar vessels in 2023. This contract marks the first long-term PSV tender award in Indonesia in several years, reinforcing Wintermar’s optimistic outlook and confidence that the growth cycle in the sector is firmly established.
