What TAS Offshore does

TAS Offshore Berhad is a Malaysian-based, Bursa Malaysia Main Market-listed shipbuilder and ship repairer (Stock Code: 5149) that constructs offshore support vessels in the 23 to 60 metre range, including Anchor Handling Tug Supply Vessels (AHTS), Anchor Handling Tugs (AHT), Utility/Supply Vessels, Offshore Supply Vessels, Tugboats, Pusher Tugs, Landing Craft, Barges, Ferries, and Workboats. Vessels are built under the classification governance of Bureau Veritas, Nippon Kaiji Kyokai, American Bureau of Shipping, and Germanisher Lloyd, and the operating subsidiary holds ISO 9001:2000 certification issued by Bureau Veritas Certification Malaysia in August 2007. All shipbuilding and repair activity is conducted through a 12.3-acre purpose-built yard in Sungai Bidut, Sibu, Sarawak, operated by the wholly-owned subsidiary Tuong Aik Shipyard Sdn Bhd, with an average stated production capacity of 20 vessels per year on a single eight-hour shift.

The company generates revenue through one-time, project-based shipbuilding contracts — typically sold directly to enterprise customers in the oil and gas industry and to maritime/shipping operators — supplemented by slipway and afloat ship repair services billed as professional service fees. Pricing is negotiated on a project-by-project basis and is not publicly disclosed. The customer base is export-oriented, with explicit historical emphasis on the Middle East market in addition to Southeast Asia. GTM is direct enterprise sales to vessel owners and operators; there are no intermediary channel partners or third-party distribution arrangements.

TAS Offshore Berhad was incorporated in March 2008 and listed on Bursa Malaysia in August 2009 after raising RM 69.3 million through an IPO oversubscribed 19.47 times, and has since maintained continuous annual reporting and AGM cadence through 2025. The current organisation has 51–100 employees and is undergoing a second-generation leadership transition, with founder-family member Lau Choo Chin appointed Group Managing Director in April 2026 alongside a refreshed independent board appointed in January 2023.

Name

TAS Offshore

Legal name

TAS Offshore Berhad

Website

https://tasoffshore.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

TAS Offshore Berhad is a Malaysian shipbuilder and ship repairer that constructs offshore support vessels in the 23–60 metre range, primarily serving oil and gas clients in Southeast Asia and the Middle East through a 12.3-acre shipyard in Sibu, Sarawak.

Ownership category

akta.pro rank

Product category

Shipbuilding and Ship Repair

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Offshore Barge & Tender Assist Vessel Construction (IMAJACAH)

akta.pro secondary industries

Harbor & Terminal Tugs (ASD/Voith, Escort Tugs) (IMAJADAA), Landing Craft & Amphibious Workboats (LCM/LCT-style, Beaching Craft) (IMAJADAK)

Keywords

• Shipbuilding services
• Offshore support vessels
• Ship repair services
• Anchor handling tugs
• Marine vessel construction

Headquarters

HQ city

Sibu

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Shipbuilding: TAS Offshore's principal business activity involves constructing vessels including Tugboats, Anchor Handling Tugs (AHT), Anchor Handling Tug Supply Vessels (AHTS), and other vessels less than 70 meters in length. Revenue is generated through one-time project-based transactions for each vessel constructed and delivered to customers.
2. Ship Repair Services: Secondary business providing slipway and afloat ship repair services including routine marine engine, machinery, and equipment inspection and maintenance, routine piping and wiring inspection and maintenance, repairing damage from collision and other accidents, equipment installation, and repainting. Revenue is generated through service fees for repair projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

TAS Offshore Berhad constructs vessels including Tugboats, Anchor Handling Tugs (AHT), Anchor Handling Tug Supply Vessels (AHTS), Utility/Supply Vessels, Offshore Supply Vessels, Tugboats, Pusher Tugs, Landing Craft, Barges, Ferries, and Workboats ranging from 23 to 60 meters in length, primarily for the oil and gas industry. The company also provides slipway and afloat ship repair services covering routine engine and machinery maintenance, collision damage repair, equipment installation, and repainting. Operations are carried out through its wholly-owned subsidiary Tuong Aik Shipyard Sdn Bhd at a 12.3-acre shipbuilding yard in Sungai Bidut, Sibu, Sarawak.

Product overview

TAS Offshore Berhad is a shipbuilding and ship repair company with two core business activities: Shipbuilding (principal business) and Ship Repair Services (secondary business). The company constructs vessels ranging from 23 meters to 60 meters in length, with a capacity to build an average of 20 units per year. Main vessel products include Anchor Handling Tug Supply Vessels (AHTS), Anchor Handling Tugs (AHT), Utility/Supply Vessels, Offshore Supply Vessels, Tugboats, Pusher Tugs, Landing Craft, Barges, Ferries, and Workboats. Ship repair services include slipway and afloat repairs with routine maintenance, collision repairs, equipment installation, and repainting capabilities. The company operates through its wholly-owned subsidiary Tuong Aik Shipyard Sdn Bhd at a 12.3-acre facility in Sungai Bidut, Sibu, Sarawak.

Differentiator

Problem solved

Functional benefit

Products and services

• Shipbuilding TAS Offshore's principal business activity, involving construction of vessels including Tugboats, Anchor Handling Tugs (AHT), Anchor Handling Tug Supply Vessels (AHTS), Utility/Supply Vessels, Offshore Supply Vessels, Tugboats, Pusher Tugs, Landing Craft, Barges, Ferries, and Workboats ranging from 23 meters to 60 meters in length, built to international classification society standards for oil and gas operators and maritime customers.
• Ship Repair Services Secondary business providing slipway and afloat ship repair services including routine marine engine, machinery, and equipment inspection and maintenance, routine piping and wiring inspection and maintenance, collision damage repair, equipment installation, and repainting for vessel owners and operators.

Quantifiable outcome

• Over 200 vessels built since commencement of shipbuilding activities
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Bureau VeritascoreTechnology or IntegrationBureau Veritas provides classification society services and issued ISO 9001:2000 certification through Bureau Veritas Certification Malaysia. TAS constructs vessels under Bureau Veritas classification governance.
• Nippon Kaiji KyokaicoreTechnology or IntegrationNippon Kaiji Kyokai (NK) is a classification society providing vessel classification services. TAS constructs vessels under NK classification governance to meet international maritime standards.
• American Bureau of ShippingcoreTechnology or IntegrationAmerican Bureau of Shipping (ABS) is a classification society providing vessel classification and certification services. TAS constructs vessels under ABS classification governance.
• Germanisher LloydcoreTechnology or IntegrationGermanisher Lloyd (GL) is a classification society providing vessel classification and certification services. TAS constructs vessels under GL classification governance.
• Boardroom Share Registrars Sdn. Bhd.minorOthersBoardroom Share Registrars Sdn. Bhd. serves as the Share Registrar for TAS Offshore Berhad, managing share registration, dividend payments, and shareholder records.
• Tuong Aik Shipyard Sendirian Berhad (TAS)coreOthersTuong Aik Shipyard Sendirian Berhad (TAS) is the wholly-owned subsidiary of TAS Offshore Berhad, incorporated on 27 March 2002. TAS undertakes all shipbuilding and ship repair activities. TAS Offshore Berhad was incorporated on 18 March 2008 and acquired TAS on 3 April 2009 to facilitate the listing.

Scale indicators7 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Sapura Offshore Sdn Bhd: Malaysian offshore vessel operator and builder serving the O&G sector; comparable as a regional competitor in OSV construction and chartering, particularly for Malaysian and Middle East customers.
• Labroy Marine (a subsidiary of Vallianz Holdings): Singapore-based offshore vessel builder and operator focused on AHTS and OSVs for Middle East customers; comparable in vessel class and target market as a small-to-mid scale offshore vessel specialist.
• Boustead Heavy Industries Corporation Berhad: Malaysian-listed shipbuilder and offshore engineering company constructing OSVs, naval vessels and offshore structures; directly comparable as a domestic competitor building oil and gas offshore vessels for regional and Middle East customers.
• ASL Marine Holdings Ltd: Singapore-listed shipbuilder constructing OSVs, tugs and barges for global customers including Middle East O&G operators; directly comparable as a Southeast Asian small-to-mid scale OSV/small craft builder.
• Shin Yang Shipyard Sdn Bhd: Malaysian shipyard group operating multiple yards building OSVs, tugboats and small commercial vessels; directly comparable in vessel classes, scale and customer mix within the domestic Sarawak/Malaysian market.

Broad incumbents

• Damen Shipyards Group: Global Dutch shipbuilder with standardized series covering tugs, workboats, OSVs and landing craft in the 23-60m range; comparable in vessel class coverage and international classification society approvals, though much larger in scale.
• Vroon Offshore: Netherlands-based OSV owner-operator with newbuild capability for AHTS and platform supply vessels; overlaps with TAS in vessel classes serving North Sea and international O&G customers but operates at larger fleet scale.
• Malaysian Marine and Heavy Engineering Berhad (MMHE): Largest Malaysian shipyard and offshore fabricator; competes with TAS in offshore vessel construction but operates at much larger scale with fixed offshore platforms and large-scale marine construction.
• Bollinger Shipyards: US-based shipbuilder with strong small-craft and workboat capabilities; comparable in small craft (tugs, patrol, workboats) production but operates at a much larger footprint across multiple US yards.

Regional players

• Eastern Shipbuilding Group: US-based small-to-medium shipbuilder of OSVs, tugs and offshore patrol vessels; comparable in vessel class focus and small-craft specialization but serving primarily Gulf of Mexico/US markets rather than Middle East.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TAS Offshore