| Description | Atlantic Navigation Holdings (Singapore) Limited, an investment holding company, provides marine logistics, ship repair, fabrication, and other marine services in Singapore, the Kingdom of Saudi Arabia, the Sultanate of Oman, Qatar, and internationally. The companys Marine Logistics Services segment offers ship chartering, and technical and chartering project management services principally for the offshore oil and gas, as well as marine construction industries through its fleet of 19 vessels, which comprise 2 lift-boats, 2 mid-sized DP2 PSV, 6 various AHTSs, 5 maintenance utility vessels, 1 AHT, 1 DSV, 1 crew boat, and 1 work utility vessel. This segment also cross-charters vessels from third parties to serve the needs of its customers; offers various services supporting the exploration, construction and development, maintenance, production, and post-production phases of offshore oil and gas; and provides vessel chartering and chandlery services to external customers. Its Ship Repair, Fabrication, and Other Marine Services segment provides afloat and dry-dock repair and maintenance of marine equipment, engines, and heavy machines, as well as related marine services. It serves various oil companies, contractors, survey companies, ship owners, shipyards, and charterers.
Additional info from OTC:
Atlantic Navigation Holdings (Singapore) Limited, an investment holding company, provides marine logistics, ship repair, fabrication, and other marine services in Singapore, the Kingdom of Saudi Arabia, the Sultanate of Oman, Qatar, and internationally. The companys Marine Logistics Services segment offers ship chartering, and technical and chartering project management services principally for the offshore oil and gas, as well as marine construction industries through its fleet of 19 vessels, which comprise 2 lift-boats, 2 mid-sized DP2 PSV, 6 various AHTSs, 5 maintenance utility vessels, 1 AHT, 1 DSV, 1 crew boat, and 1 work utility vessel. This segment also cross-charters vessels from third parties to serve the needs of its customers; offers various services supporting the exploration, construction and development, maintenance, production, and post-production phases of offshore oil and gas; and provides vessel chartering and chandlery services to external customers. Its Ship Repair, Fabrication, and Other Marine Services segment provides afloat and dry-dock repair and maintenance of marine equipment, engines, and heavy machines, as well as related marine services. It serves various oil companies, contractors, survey companies, ship owners, shipyards, and charterers.
Additional info from SGX:
The Company was incorporated in Singapore on 31 August 2004, and changed it’s
name and was trading as Fastube Limited as of 22 November 2008. On 30 July
2012, the Company completed the acquisition of Atlantic Navigation Holdings
Inc. and its subsidiaries as well as the disposal of the Company’s subsidiaries
and business of providing steel piping solutions, specialising in custom-made
precision steel pipes that links oil and gas wells to production facilities.
Upon completion of the acquisition of Atlantic Navigation Holdings Inc. and its
subsidiaries, the Company changed its name to Atlantic Navigation Holdings
(Singapore) Limited.
Currently, the principal businesses of the Company and its subsidiaries (the
“Group”) are:
(a) Marine logistics services
The Group currently owns a fleet of 13 vessels which comprise AHT, AHTS, tugs,
jack-up accommodation barges, barges and supply vessels. In the event the Group’
s own fleet of vessels are unable to serve the needs of its customers, it will
source for and cross charter vessels from third parties to match the tonnage,
duration and technical requirements of the customer.
The Group operates out of the UAE serving primarily the Middle East and India
markets. Its customers comprise mainly leading oil companies, offshore oil and
gas contractors, ship owners and charterers.
(b) Ship repair, fabrication and other marine services
The Group’s ship repair, fabrication and other services business provides
afloat and drydock repair and maintenance services to customers in the shipping
industry and vessels utilized in its marine logistic services. In addition, it
provides steel fabrication works for the marine repairs industry including
mobile drilling rigs.
The Group’s ship repair, fabrication and other marine services business serves
customers who are generally regional ship owners and shipyards in the Middle
East.
Change of name:
Fastube Limited to Atlantic Navigation Holdings (Singapore) Limited. Trading
under the new name wef 2 August 2012.
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