Asset integrity management systems

Wintermar Offshore (WINS:JK) Reports Turnaround 9M2021 Results

Retrieved on: 
Monday, November 1, 2021

JAKARTA, Nov 1, 2021 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced turnaround results for 9M2021 with a net profit of US$0.49 million following a loss of US$7.44 mil in 9M2020.

Key Points: 
  • JAKARTA, Nov 1, 2021 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced turnaround results for 9M2021 with a net profit of US$0.49 million following a loss of US$7.44 mil in 9M2020.
  • In line with the positive outlook for oil prices, utilization also improved to 66% in 9M2021 compared to 63% in 9M2020.
  • Owned Vessel Revenue for 9M2021 was reduced by US$0.2 million to US$24.4 million compared to 9M2020.
  • Associated Companies generated income of US$0.24 million due to better operational results, bringing the other income to US$0.79 million for 9M2021 compared to a loss in 9M2020.

Streamline Innovations Launches Into Middle East Market, Enters Strategic Partnership with EMDAD in United Arab Emirates

Retrieved on: 
Thursday, October 14, 2021

Under the terms of the Agency Agreement, EMDAD will represent Streamline in the U.A.E.

Key Points: 
  • Under the terms of the Agency Agreement, EMDAD will represent Streamline in the U.A.E.
  • and other oil producing nations in the Middle East are transitioning to more sustainable and environmentally friendly operational practices.
  • Streamline technology destroys H2S and converts it into Simple Elemental Sulfur, which is listed with the Organic Material Review Institute (OMRI) for use in Organic Production.
  • The establishment of this relationship with Streamline Innovations comes at an opportune time for both our clients and our company, said Mohammed Juma Al Bawardi, Chairman of EMDAD.

Wintermar Plans to Reposition Company for Growth

Retrieved on: 
Wednesday, August 25, 2021

WINS' management repositioning Company for expansion, through fleet restructuring and refocusing on future growth areas.

Key Points: 
  • WINS' management repositioning Company for expansion, through fleet restructuring and refocusing on future growth areas.
  • With net gearing reduced to 29% currently and access to funding with the approval of share issuance, Wintermar is now ready to start investing again.
  • All vessels are operated by an experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
  • Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety).

Wintermar Shareholders Approve New Share Issuance for Future Growth

Retrieved on: 
Thursday, August 19, 2021

WINS' independent shareholders approve new issuance of up to 415 million shares without pre-emptive rights to enable the Company to invest amidst better industry conditions.

Key Points: 
  • WINS' independent shareholders approve new issuance of up to 415 million shares without pre-emptive rights to enable the Company to invest amidst better industry conditions.
  • JAKARTA, Aug 19, 2021 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS:JK) held its Annual General Meeting of Shareholders ("AGM") on 19th August 2021, attended by a quorum of more than 84% of shareholders.
  • The meeting also met the quorum of attendance by a majority of independent shareholders, which was necessary for the approval of the share issuance without pre-emptive rights, according to OJK regulations.
  • All agenda items were approved, including the issuance of 415 million shares without pre-emptive rights, in which only independent shareholders were allowed to vote.

Wintermar Offshore (WINS:JK) Reports 1H2021 Results

Retrieved on: 
Thursday, August 12, 2021

JAKARTA, Aug 12, 2021 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for 1H2021, achieving a gross profit of US$3.3 million for 1H2021, compared to gross loss of US$0.66 million for the same period last year, with fleet utilization recovering to 63%.

Key Points: 
  • JAKARTA, Aug 12, 2021 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for 1H2021, achieving a gross profit of US$3.3 million for 1H2021, compared to gross loss of US$0.66 million for the same period last year, with fleet utilization recovering to 63%.
  • Although chartering revenue fell by 27% YOY to US$2.6 million for 1H2021, the Division still recorded a gross profit of US$0.36 million, up 22% YOY.
  • Interest expenses were 37% lower in 1H2021 to US$1.2 million as the Company has continued to pay down debt.
  • Net income before tax for 1H2021 was US$0.35 million, compared to a loss of US$4.2 million in 1H2021.

IMS Digital Ventures Launches Acuity

Retrieved on: 
Thursday, July 15, 2021

IMS Digital Ventures, the venture building arm of Integrated Management Systems, one of the leading digital transformation agencies in Asia, launches Acuity: an end-to-end e-commerce platform that delivers game-changing growth for Direct-to-Consumer (DTC) brands.

Key Points: 
  • IMS Digital Ventures, the venture building arm of Integrated Management Systems, one of the leading digital transformation agencies in Asia, launches Acuity: an end-to-end e-commerce platform that delivers game-changing growth for Direct-to-Consumer (DTC) brands.
  • We've decided to give them a fair shot by investing in Acuity," explains Anastasios Papadopoulos, CEO of Integrated Management Systems (IMS) and IMS Digital Ventures.
  • IMS Digital Ventures is the venture building arm of IMS, Hong Kongs leading Digital Transformation Agency with over 300 employees in Hong Kong, Guangzhou, Shanghai and Singapore.
  • At IMS Digital Ventures, we build revolutionary new ventures with Asias most influential corporations and disruptive entrepreneurs.

Global Oil & Gas Engineering Services Market to 2026 - Players Include WSP Global, Tetra Tech and Hatch Among Others - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 23, 2021

The increasing demand for safe and reliable operations, while minimizing the total cost of operations, is expected to drive the adoption of downstream oil and gas services in the industry.

Key Points: 
  • The increasing demand for safe and reliable operations, while minimizing the total cost of operations, is expected to drive the adoption of downstream oil and gas services in the industry.
  • Downstream oil and gas services play an important role in maximizing the refining process while impacting the desirability and marketability of the finished product.
  • Certain downstream oil and gas services include asset integrity management, industrial technical inspection, petroleum testing, refining and distribution, hazardous location equipment testing, and database software solutions.
  • North America is expected to dominate the Oil and Gas Engineering Services Market, due to the increasing number of oil & gas projects in countries such as the United States and Canada.

Global Oil & Gas Asset Integrity Management Markets, 2020-2025: Convergence of Cloud Technology and Asset Integrity Management Services Presents Opportunities

Retrieved on: 
Wednesday, December 16, 2020

The global asset integrity management services market size is estimated at USD 19.4 billion in 2020.

Key Points: 
  • The global asset integrity management services market size is estimated at USD 19.4 billion in 2020.
  • This is expected to lead to an economic downturn and negatively affect the market for asset integrity management services.
  • The region has major players from the oil & gas and power industries, which are the prominent end-users of asset integrity management services.
  • These factors, collectively, are likely to have a negative impact on the regional asset integrity management services market for a short term.

$24.2 Billion Asset Integrity Management Market with COVID-19 Impact - Global Forecast to 2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, November 27, 2020

8 Asset Integrity Management Services Market, by Service Type

Key Points: 
  • 8 Asset Integrity Management Services Market, by Service Type
    8.8.1 Increasing Need to Optimize Process/Equipment/System Design to Meet the Requirements with Minimum Costs, and to Generate Cost-Efficient Maintenance Plans is Expected to Drive the Market
    9 Asset Integrity Management Services Market, by Industry

Global Oil & Gas Engineering Services Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 5, 2020

The increasing demand for safe and reliable operations, while minimizing the total cost of operations, is expected to drive the adoption of downstream oil and gas services in the industry.

Key Points: 
  • The increasing demand for safe and reliable operations, while minimizing the total cost of operations, is expected to drive the adoption of downstream oil and gas services in the industry.
  • Downstream oil and gas services play an important role in maximizing the refining process while impacting the desirability and marketability of the finished product.
  • Certain downstream oil and gas services include asset integrity management, industrial technical inspection, petroleum testing, refining and distribution, hazardous location equipment testing, and database software solutions.
  • North America is expected to dominate the Oil and Gas Engineering Services Market, due to the increasing number of oil & gas projects in countries such as the United States and Canada.