Malaysia’s marine service provider RMS Synergy has established a joint venture company with Vietnamese OSV owner and operator Hai Duong Petroleum and Marine Corporation (Haduco).
Through the formation of Haduco RMS, RMS Synergy said it has secured a long-term charter of an anchor handling tug supply (AHTS) vessel and plans to work with Haduco to capitalise on the growing demand for OSVs by the oil and gas operators in Malaysia.
“This joint venture represents a significant step forward for both companies, and we look forward to working together to achieve our shared goals of expanding our operations and presence in Malaysia,” said Mohamad Asraf Abdul Ghafur,” chief executive of RMS Synergy.
Haduco has been aggressively expanding its fleet, which has almost doubled since 2018. The company owns and operates over 40 OSVs, with plans to add more tonnage in the near future.
“We are currently seeing record high activity in the Malaysia market and vessel owners can expect greater demand for their assets. This joint venture represents an important step for us in terms of securing long term business in Malaysia,” added Tran Quang Hung president and CEO of Haduco.
Petronas alone has indicated that it will require over 200 vessels to support drilling and projects and close to 150 more to support production operations in 2023, while forecasting a total of around 330 units for 2024 and 2025.
