Wintermar acquires remaining stakes in Fast Offshore Supply and PT Fast Offshore Indonesia
Type: Acquisition · Technology: Oil Gas · Country: Indonesia · Announced: 2026-06-24
PT Wintermar Offshore Marine acquired the remaining 52.5% stake in Fast Offshore Supply from Seacoral Maritime for $26 million and the remaining 49% stake in PT Fast Offshore Indonesia from Fast Offshore Supply for $7 million, bringing the total consideration to $33 million. The acquisition gives Wintermar full control of Fast Offshore Supply and its Indonesian subsidiary, expanding its fleet from 12 to 22 vessels and its dynamic positioning fleet to 25 vessels. The newly acquired assets include five next‑generation aluminium crew transfer vessels slated for delivery in 2027 and an additional five vessels ordered for 2028, which will be owned and chartered by the former Fast Offshore Supply client, a major oil company in Brunei. By lowering the average age of its fleet from 16 to 14 years, Wintermar plans to strengthen its position in the offshore support market for oil and gas operations in Southeast Asia. The transaction will be financed through internal cash flow and a $20 million loan, though the lenders were not disclosed.
Counterparties
- Seacoral Maritime (Seller)
- PT Fast Offshore Indonesia (Seller)
- Fast Offshore Supply (Seller)
- PT Wintermar Offshore Marine (Buyer)