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Our Group was founded by Mr Yong Foh Choi in 1974. Our Group's chairman, YBHG Datuk Michael Hardin also plays a key role, having been with our Group for more than 20 years.
Initially, our Group provided chartering services of marine vessels to non-oil and gas industries i.e. the navy, fishing, dredging, logging and mining to companies in and outside Malaysia. In 1994, Yong Foh Choi ventured into chartering vessels to the offshore oil and gas industry. In 1997, our Group started our shipbuilding business.
Today, our Group is an integrated service provider which builds and operates a diverse fleet of offshore marine support vessels in Malaysia, serving the global offshore oil and gas exploration and production industry.
For our shipbuilding business, our shipyards have the capacity to manufacture up to 15 vessels per annum, depending on the size and complexity of the vessels. To-date, we have built 26 vessels.
Our chartering business has a fleet of 29 vessels providing a broad range of services coupled with the highest standards of safety and technology available in the industry. These vessels are young with an average age of 6 years. In 2005, SSB became International Safety Management ("ISM") certified, by the Marine Department, Malaysia.
As an integrated service provider, we have direct control over the design specification, quality, cost and timely delivery of our vessels. It also provides us with the flexibility to either 'build and sell' or 'build and charter' our vessels. This reduces our dependency on other shipbuilders and provides our Group with a distinct competitive advantage over the other players.
Over the years, our Group has established a reputation with a proven track record in both of our core businesses. Testimony to this, our clientele includes both local and international companies from the United States of America, Australia, China, India, Latin America, Europe, East Africa, Southeast Asia and the Middle East. |
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