• A global leader in marine engineering
• Global network of eight shipyards in key international locations
• The largest ship repair and marine-related facilities east of the Suez, with a combined docking capacity of 2.2 million dwt
• A world leader in the repair of VLCCs, the conversion FPSO/FSO units, and the repair, upgrading and building of jack-ups and semi-submersibles
• A key niche player in the newbuilding of product tankers, feeder container vessels and offshore supply vessels

GLOSSARY

Newbuildings
The construction of all types of marine vessels. These may be ship-shaped or mobile drilling units such as jack-ups and semi-submersibles.

Tankers
Vessels of varying sizes that are used for the transportation of crude oil.

Bulkers
Vessels of varying sizes that are used for transporting dry commodities.

VLCC
Very Large Crude Carriers of 180,000 dwt to less than 300,000 dwt.

ULCC
Ultra Large Crude Carriers, usually of 300,000 dwt and above.

FPSO
Floating Production, Storage and Offloading. These systems are tanker-like vessels moored to the ocean floor. They are able to store oil produced from subsea wells and offload the hydrocarbons to shuttle tankers, and are ideally suited for fields with limited infrastructure. FPSOs are used in deepwater and ultra deepwater endeavours.

FSO
Floating Storage and Offloading. These systems are used when oil and gas processing is performed at a separate facility.

Semi-submersible
Mobile floating drilling platforms. Also known as Semis. The lower hull is partially submerged and the unit is moored with wires and/or chains or is dynamically positioned. Semis are most often used for the development and exploration drilling in water depths up to 10,000 ft. Semis are used worldwide and are particularly favoured in harsh environments because of their superior motion characteristics.

Jack-up
Mobile, self-elevating drilling platforms with legs that are lowered to the ocean floor to provide a foundation for the drilling platform, which lies well above the surface to allow storm waves to pass underneath. They are used in water depths of less than 350 ft (shallow water).

Freight Rate
Day charter rates for all types of vessels.

COMPETITIVE EDGE

• An established reputation with international ship owners and oil majors with more than 30 years of proven track record
• An extensive track record for quality, timely delivery and the ability to handle complex turnkey projects with high Health, Safety and Environment standards and within budget
• Global network of strategically located shipyards providing service hubs along major shipping routes, each with a strong brand name and its own niche market
• Long-term contracts and partner alliance arrangements that provide a stable client base