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

smaller vessels, we will face increasing competition from China-based shipyards and elsewhere. It is for this
reason that we outsource these smaller vessels to third party shipyards.
In respect of our ship chartering business, any offshore operator is our potential competitor. Although
currently we operate mainly in the Middle East, we may deploy our vessels for chartering anywhere in the
world. Our immediate competitors in the Asia-Pacific region in respect of our chartering business are Jaya
Holdings Limited, CH Offshore Ltd., Swissco International Limited and Ezra Holdings Limited.
Health, Safety and Environmental (“HSE”)
We have a HSE management system, similar to those of major yards in Singapore, which has been in
place since 2004.
Our HSE manager is qualified and certified by Ministry of Manpower, Singapore and is the custodian of
the Safety Management System Manual and procedures. In-house and external training programmes are
conducted for safety orientation in respect of new employees. Courses are also given to existing employees for
purposes of keeping their HSE knowledge up-to-date.
Under Indonesian law, we have to conduct Environment Impact Analysis (EIA) for our shipyard operation
and review for any major development that may arise. Periodic environment measurement and audit are
conducted by an authorised third party and reports filed with the ministry concerned.
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