Kim Heng Offshore & Marine

What Kim Heng Offshore & Marine does

Kim Heng Limited (SGX Catalist: 5G2) is a Singapore-based integrated offshore marine services contractor founded in 1968 and publicly listed since 2014. The company provides engineering, procurement, construction, installation and commissioning support across offshore renewable energy, marine construction, oil & gas, vessel chartering/towage, and shipbuilding. It operates two Singapore shipyards (9 Pandan Crescent and 48 Penjuru Road) with 205 meters of combined waterfront, owns and operates a fleet of more than 40 vessels including 18 OSVs up to 12,000 BHP with DP2 and anchor handling capability, and runs crane assets up to 1,250MT. Service lines are organized under sub-brands including Adira Renewables (offshore wind HDD, cable lay, geotechnical survey, turbine assembly), Thaitan International (HDD cable shore crossings), Bridgewater Offshore (chartering/towage), Zale Offshore Response (diving, oil spill response, salvage), Mazu Subsea (ROV and survey), and the in-house Shipbuilding & Engineering and AMF accommodation units.

Name

Kim Heng Offshore & Marine

Legal name

Kim Heng Ltd.

Website

https://kimheng.com.sg

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

101–250 employees

Short description

Singapore-based integrated offshore marine services contractor (SGX: 5G2) serving offshore wind, oil & gas, and marine construction clients across Asia-Pacific through shipyards, an 18-vessel OSV fleet, HDD, cable lay, geotechnical survey, and shipbuilding capabilities.

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611), Ship and Boat Building (3366), Ship and Boat Building (33661)

SIC

Oil & Gas Field Machinery & Equipment (3533), Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO), Pipe-lay & Heavy-lift Offshore Vessel Construction (IMAJACAE)

Keywords

• Offshore marine services
• Vessel chartering towage
• Shipbuilding engineering
• Offshore wind construction
• Oilfield support services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Offshore Marine Construction Services: Project-based revenue from engineering, procurement, construction, and installation support (EPCIC) for offshore renewable energy construction projects and marine civil works. Revenue is generated through lump-sum contracts for specific project scopes such as HDD works, cable laying, wind turbine installation, and foundation construction. Major contracts awarded include US$35 million marine spread contracts in Taiwan for offshore renewable projects.
2. Offshore Vessel Chartering, Towage & Transportation: Time charter and voyage charter revenue from the ownership and operation of a fleet of AHTS vessels, AHT tugs, barges, and fast crafts. The company owns and operates 18 OSVs up to 12,000 BHP with DP2 and anchor handling capabilities. Revenue is based on daily charter rates, contract duration, and vessel specifications.
3. Shipbuilding & Engineering: Revenue from new vessel construction, retrofitting, conversion, and repair works for specialized and niche vessels including pipe-laying vessels, power generation barges, tugs, and flat-top barges. Also includes offshore structure fabrication for module construction. Shipbuilding contracts include S$10.6 million contract from TIPC Marine Corporation and US$7.8 million modification and shipbuilding contract for Taiwan offshore wind projects.
4. Offshore Oilfield Services: Revenue from port agency services, rig towage and mobilization, rig repair, steel structure fabrication, maintenance of rig drilling tubulars and equipment, and provision of marine and offshore support vessel services. Also includes commercial diving, oil spill response, and marine salvage services through Zale Offshore Response subsidiary.
5. Geotechnical Survey Services: Revenue from offshore geotechnical investigation services through the partnership with Soiltech Engineering Korea. The Bridgewater Discovery DP2 geotechnical survey vessel conducts seabed sampling, soil analysis, and survey works for offshore windfarm pre-construction phases, operating under a 4+2 year exclusivity agreement with CIP.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Kim Heng Offshore & Marine provides integrated offshore and marine services to the global offshore energy and marine infrastructure sectors. The company owns and operates a fleet of 18 offshore support vessels up to 12,000 BHP, more than 40 offshore vessels, tugs and crane barges, and two shipyards in Singapore with 205 metres of combined waterfront for shipbuilding, fabrication and repair work. Its service portfolio covers offshore renewable (wind) construction, marine construction, offshore oilfield services, offshore chartering/towage/transportation, and shipbuilding and engineering.

Product overview

Kim Heng Limited is an offshore marine service contractor offering integrated comprehensive solutions across the offshore renewable, marine, oil and gas industries. The company operates through multiple sub-brands including Adira Renewables (offshore renewable construction, HDD, cable installation), Bridgewater Offshore (chartering, towage, transportation), Thaitan International (HDD services), Mazu Subsea (ROV and survey services), and Zale Offshore (salvage and oil spill response). The portfolio also includes shipbuilding and engineering services, a fleet of 40+ offshore support vessels, and crane fleet operations with capacities up to 1250MT. The company operates two shipyards in Singapore with combined waterfront of 205 meters.

Differentiator

Problem solved

Functional benefit

Brands

• Adira Renewables: One-stop solutions provider in the renewables industry offering horizontal directional drilling, cable installation, offshore substation commissioning, wind turbine installation, and geotechnical survey services
• Bridgewater Offshore
• Thaitan International
• Zale Offshore Response
• Mazu Subsea
• AMF

Products and services

• Offshore Renewable Construction Construction and installation support services for offshore wind farm developers, covering foundation, cable lay, turbine installation and associated marine logistics. Customers include offshore wind developers such as Copenhagen Infrastructure Partners (CIP), Van Oord and Seaway 7.
• Marine Construction Marine civil construction services for nearshore and coastal infrastructure projects, including jetty/pier/wharf construction, land reclamation and coastal protection works. Services are delivered to shipyards, port operators, coastal developers and government infrastructure clients in Singapore and the region.
• Offshore Oilfield Services Offshore support services for upstream oil and gas operators, encompassing platform and rig support, anchor handling, supply runs, and offshore maintenance using the company's offshore support vessel fleet. Customers include Petronas, Maersk and Noble.
• Offshore Chartering, Towage and Transportation Chartering of the company's fleet of more than 40 offshore vessels, tugs and crane barges for offshore energy, marine construction, and marine logistics projects. Service is sold to offshore operators, EPCI contractors and marine infrastructure clients.
• Shipbuilding and Engineering Shipbuilding, fabrication, repair and conversion services executed at the company's two Singapore shipyards with combined 205 metres of waterfront. Services cover new-build OSVs, tugs, barges, and repair/refit works for marine and offshore clients such as Keppel.

Quantifiable outcome

• 45 years of industry experience and 354 documented achievements
• +4 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Soiltech Engineering Co Ltd (STE), KoreacoreStrategic or Co-development Partner · 1 January 2024Adira Renewables (wholly-owned subsidiary of Kim Heng) together with Soiltech Engineering Korea signed a vessel framework agreement (VFA) with international major client CIP for offshore geotechnical investigation services. STE owns and operates various nearshore survey platforms including SEP barges, crane barges, pontoons, screw barges, onshore drill rigs, and a fully-accredited soil laboratory. STE brings 26 years of local experience in permitting and stakeholder management. The 4+2 year exclusivity agreement is expected to bring continuous collaboration with CIP and potential HDD and cable laying project awards.
• Dyna-MaccoreStrategic or Co-development Partner · 1 January 2023Partnership with Dyna-Mac to capitalize on opportunities in the FPSO module fabrication sector. Dyna-Mac is a specialist in engineering services for the offshore oil and gas industry, providing module fabrication services. Kim Heng's shipyard facilities complement Dyna-Mac's engineering capabilities for Barossa Superstructure Fabrication and other FPSO module projects.
• Ruhm Holdings Sdn BhdminorStrategic or Co-development Partner · 1 January 2022Joint venture between KH Mazu Offshore & Marine Sdn. Bhd. and Ruhm Holdings Sdn Bhd to undertake marine and offshore services in Malaysia. The Malaysian entity Ruhm Mazu Sdn. Bhd. focuses on repair and docking of vessels, supply chain and crew management, and heavy-lift equipment rental. Also includes joint venture with Wardatul Wahdah Binti Ahmad Nokman as Malaysian Country Manager.
• Moon International Co., Ltd.minorStrategic or Co-development Partner · 1 January 2022Joint venture with Soiltech Engineering Co., Ltd. and Moon International Co., Ltd. for geotechnical survey and related offshore services, complementing the main VFA with CIP.
• Seaway Offshore Cables / Seaway 7coreImplementation/ SI/ Consulting Partner · 1 January 2022Seaway Offshore Cables (S7) is a key customer and project partner for HDD works on multiple offshore wind farm projects. Kim Heng has delivered HDD services for Hai Long Offshore Wind Farm (May-Dec 2023) and Zhong Neng Offshore Windfarm (July-Oct 2022) under Seaway 7 contracts. The partnership demonstrates Kim Heng's capability as a specialized HDD contractor for offshore wind cable installations.
• Van OordcoreImplementation/ SI/ Consulting Partner · 1 January 2022Van Oord engaged Kim Heng for export cable laying support on the Greater Changhua Offshore Wind Farm project in Taiwan. Kim Heng provided float out, installation, pull-in services, and cable protection system installation for the nearshore section of three export cables. Van Oord is a major global marine contractor active in offshore wind.
• Keppel FelscoreImplementation/ SI/ Consulting Partner · 1 January 2021Keppel Fels engaged Kim Heng for offshore installation services (personnel) for commissioning and testing of the offshore substation for Greater Changhua 1 and 2a wind farm project in Taiwan (2021-2022). This demonstrates Kim Heng's capability in providing skilled manpower for offshore substation commissioning.
• 蓮豪有限公司minorStrategic or Co-development Partner · 1 January 2020Joint venture between Kim Heng Marine & Oilfield Pte Ltd and 蓮豪有限公司 (a Taiwan-incorporated company) established in 2020 for offshore marine operations in Taiwan.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Mermaid Maritime: Thailand-listed offshore services company offering subsea inspection, maintenance and repair, ROV services, and OSV chartering. Closely comparable to Kim Heng's Mazu Subsea and Bridgewater Offshore on subsea/ROV and OSV service offerings across SE Asia.
• Dyna-Mac Holdings: Singapore-based specialist in FPSO module fabrication and offshore engineering services, and an explicit Kim Heng partner on the Barossa FPSO superstructure fabrication project. Comparable on offshore engineering and module fabrication scope and Singapore yard footprint.
• Vallianz Holdings: Singapore-based offshore support vessel company with a similar profile to Kim Heng's Bridgewater Offshore — owned fleet of AHTS vessels, platform supply vessels, and crew boats serving oil & gas operators in SE Asia and Middle East. Closely comparable by fleet composition, regional focus, and small-cap SGX/MY-listed profile.
• Pacific Radiance: Singapore-based offshore support vessel owner-operator with a fleet of OSVs including AHTS, PSVs, and cable lay vessels. Directly comparable to Kim Heng's vessel operations business in SE Asia and a fellow SGX-listed marine services peer.
• PACC Offshore Services Holdings: Singapore-based offshore support vessel operator with a fleet of AHTS, PSVs, and accommodation vessels. Comparable to Kim Heng on OSV fleet composition, regional offshore services scope, and SGX-listed small/mid-cap profile.

Broad incumbents

• Jan De Nul Group: Belgian global maritime contractor active in dredging, offshore wind installation, and subsea cable lay. Also a Kim Heng customer for marine logistics. Overlaps with Kim Heng's marine construction and offshore wind installation scope but at materially larger project scale.
• Sembcorp Marine: Singapore-listed global shipbuilder and offshore engineering company operating one of the world's largest shipyards. Overlaps with Kim Heng's shipbuilding and offshore engineering segments but at vastly larger scale and with broader product scope including rigs, drillships, and naval vessels.
• Edison Chouest Offshore: Privately-held global offshore support vessel operator with one of the largest OSV fleets in the world. Comparable vessel class offering and engagement with oil & gas, offshore wind, and subsea customers globally, though at a far larger scale than Kim Heng.
• Boskalis Westminster: Dutch-listed global marine services and dredging contractor with major offshore wind EPCI capability. Boskalis is also a Kim Heng customer for marine logistics, illustrating the customer/competitor overlap, and represents the global incumbent against which Kim Heng's integrated scope must compete.
• Seacor Marine Holdings: US-listed global operator of offshore support vessels including AHTS, PSVs, crew transfer vessels, and specialized subsea assets. Comparable fleet composition to Bridgewater Offshore but with global reach and a much larger, geographically diversified fleet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@kimheng-singapore3163/videos
• Facebookfacebook.com/kimhengmarine
• LinkedInsg.linkedin.com/company/kim-heng-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

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 Kim Heng Offshore & Marine