O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX

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Graph 6: AHTS existing fleet and on order
5,000 - 7,999 BHP 8,000 - 9,999 BHP 10,000 -13,999 BHP >14,000 BHP
EXISTING FLEET TOTAL VESSELS ON ORDER
Graph 7 below shows that more powerful vessels (� 10,000 BHP) are being built and that they represent
a significant proportion of the orderbook at approximately 50%.
>14,000 BHP
30%
10,000 -13,999 BHP
20%
Graph 7: 2008-2011 AHTS Orderbook by BHP
5,000 - 7,999 BHP
43%
8,000 - 9,999 BHP
7%
The vast majority of the first vessels built during the 1960’s, 70’s and early 80’s are what Seascope now
class as small AHTS vessels with less than 7,999 BHP. Traditionally this size of ship was the backbone of the
fleet. This was at a time when oil and gas exploration within continental shelves had not ventured into the
deep-water realms that dominate the market today. Many of the newer vessels in this fleet size are currently
being built in South East Asia such as Jaya in Singapore and Indonesia, Britoil in Indonesia, Labroy in
Singapore, Nam Cheong in Malaysia, Otto Marine in Singapore and Indonesia, and Pan United in Singapore
and Indonesia.
Ten shipyards, which have an approximate 56% market share of the global order book in AHTS vessel
construction, are displayed in Graph 8. Of these, Dubai Drydocks, Aker and Nam Cheong have the largest
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