RMS Synergy Enters OSV JV With Vietnam’s Hai Duong Petro, Marine Corp On Vessel Ownership

Marine service provider for the oil and gas industry, RMS Synergy Sdn. Bhd has entered a joint venture with Hai Duong Petroleum and Marine Corporation (HADUCO) from Vietnam, one of Southeast Asia’s largest offshore support vessel (OSV) service providers, to form HADUCO RMS Sdn. Bhd.

Established in 2000, HADUCO owns a significant fleet of 42 vessels manned by experienced mariners operating on a global scale including Malaysia, Myanmar, Thailand, Russia, India and Japan.

RMS Synergy Chief Executive Officer Mohamad Asraf Abdul Ghafur said: “We are excited to announce this joint venture with HADUCO, a well-known and respected  corporation in the region. The combination of our expertise and resources will enable us to provide our customers with the highest level of service and support for their offshore operations. This joint venture represents a significant step forward for both companies, and we look forward to working together to achieve our shared goals of expanding our operations and presence in Malaysia.”

Through the JV, RMS Synergy has secured a long term charter of a 60-tonne bollard pull Anchor Handling Tug Supply (AHTS) vessel and will work closely with HADUCO to capitalise on the growing demand for OSVs by the oil and gas operators in Malaysia as the sector will remain robust as reported in the PETRONAS Activity Outlook 2023 – 2025.

The national oil and gas company has indicated that it will require 204 vessels to support drilling and projects and 147 vessels to support the production operations in 2023, while forecasting a total of 333 and 329 vessels for years 2024 and 2025, respectively. The relatively positive outlook excludes the requirements of vessels for HUC, MCM and Underwater Services activities, EPCC and EPCIC.

HADUCO President and Chief Executive Officer Tran Quang Hung, said, “RMS Synergy has been a strategic partner for HADUCO for many years and we are pleased to further strengthen our relationship through this collaborative partnership. We are currently seeing record high activity in the Malaysia market and vessel owners can expect greater demand for their assets. This joint-venture represents an important step for us in terms of securing long term business in Malaysia even as we strengthen both countries relationship.”

A signing ceremony was held today to commemorate the JV between the two OSV companies, which was attended by Hung and HADUCO’s Chairman, Pham Xuan Thang.

HADUCO has been aggressively expanding its fleet which has almost doubled since 2018 despite the global slowdown caused by low and unstable crude oil prices which began in 2015-2016 and further compounded by the coronavirus pandemic. With the upturn of crude oil prices last year and global recovery from Covid-19, the OSV industry is in recovery and HADUCO has plans to continue acquiring vessels in the near future.

A company that prides itself on its professional conduct with emphasis on safety, quality, excellence and environmental sustainability, HADUCO shares many similar values to RMS Synergy who is committed to providing excellent and reliable maritime support services with customers at the core of their business.

RMS Synergy was founded in 2011 to provide OSVs to oil and gas companies and contractors in the country. Its outstanding performance and reliability earned RMS Synergy recognition when it was presented with the Top 10 Award at the SME 100 Awards 2021 that honours fast moving companies in this business segment. 

At HADUCO specialises in providing high-specification vessels and a comprehensive suite of marine and subsea services to the offshore energy and wider maritime industries. Its services include a combination of high-quality vessels, specialised subsea services, strategically located onshore facilities, and in-house technical marine expertise enable us to partner with our clients to deliver innovative, fit-for-purpose marine solutions.

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