Jarkata: Indonesian offshore service provider Wintermar Offshore Marine is looking to expand its business to other Southeast Asian countries.
Sugiman Layanto, president of Wintermar said the company is exploring opportunities in Myanmar, Vietnam and Brunei to enhance the utilization rate of the company’s vessels.
“We especially see a big opportunity in Myanmar, as increasing oil and gas activities might provide an opportunity for expansion there,” Sugiman said in a press conference yesterday.
Wintermar saw its revenues decline by 39% year-on-year during the first quarter of 2015 while its net profit plunged by 99% in the same period.
Johnson William Sutjipto, president commissioner of Wintermar said the company had no specific target for its overseas expansion. “We simply follow every tender that is suitable for our business and vessel profile,” he said.
Outside of Indonesia, Wintermar has one vessel operating on a long term contract in Brunei, two vessels to cater to Myanmar’s spot market and another vessel for the Vietnamese maret.
