What CH Offshore does

CH Offshore Ltd. is a Singapore-incorporated, SGX Mainboard-listed owner-operator and ship manager of offshore support vessels serving the global oil and gas industry. The company operates a homogeneous fleet of six Anchor Handling Tug Supply (AHTS) vessels, each rated at 12,240 BHP, with five vessels wholly owned and one (CORAL) co-owned; the fleet has an average age of approximately 12 years (as of end-2021) and is equipped with Dynamic Positioning System Class 2 capability to support heavier offshore work in deeper waters. Vessels are deployed globally across Southeast Asia, the Middle East, India, Mexico, Africa, and Australia for offshore construction support, towing, anchor-handling, and the supply of deck, liquid, and dry bulk cargoes to oil and gas majors, national oil companies, and contractors.

The Group's commercial offering consists of two revenue streams: vessel charter (directly marketing CHO-owned vessels to clients via tenders and contract negotiations for long-term and spot engagements) and ship management services (through CHO Ship Management Pte. Ltd., which markets and manages vessels for third-party owners alongside the Group's fleet). The customer base includes Shell, Exxon Mobil, Chevron, TotalEnergies, Saudi Aramco, Petronas, CNOOC, ONGC, PEMEX, ADMA OPCO, ConocoPhillips, and EPC contractor Heerema. The Group is ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 certified through CHOSM.

Baker Technology Limited, via its wholly-owned subsidiary BT Investment Pte. Ltd., is the ultimate holding company with a 52.72%–54.98% stake acquired in August–September 2018. SZ Offshore Investment Pte. Ltd. holds approximately 21.83%. The company reported FY2025 revenue of US$20.83 million (down 20.6% YoY) and a loss after income tax of US$0.78 million, with vessel utilisation at 47% (down from 54% in FY2024) amid a softer Asia Pacific OSV market. In June 2025, CHO completed a renounceable non-underwritten rights issue raising approximately S$14.1 million.

Name

CH Offshore

Legal name

CH Offshore Ltd.

Website

https://choffshore.com.sg

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

CH Offshore Ltd. is a Singapore-listed owner-operator and ship manager of six 12,240 BHP AHTS offshore support vessels, serving global oil and gas majors and contractors with vessel charter and third-party ship management services.

Ownership category

akta.pro rank

Product category

Offshore Support Services

NAICS

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

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Offshore support vessels
• Anchor handling tug supply
• Vessel charter services
• Ship management services
• Offshore oil and gas

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Vessel Charter: The Group operates as owner-operator of offshore support vessels, chartering its CHO-owned vessels to oil and gas majors and contractors for offshore operations including towing, anchor-handling, and supply services.
2. Ship Management Services: CHO Ship Management Pte. Ltd. provides ship management services for third-party vessel owners, managing their vessels alongside Group-owned vessels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CH Offshore Ltd. is an owner-operator and ship manager of offshore support vessels for the offshore marine oil and gas sector. It operates a fleet of six Anchor Handling Tug Supply (AHTS) vessels, each with 12,240 BHP capacity, providing offshore construction support, towing, anchor-handling, and supply of deck, liquid, and dry bulk cargoes globally. Through CHO Ship Management Pte. Ltd., the company also markets and manages vessels for third-party vessel owners.

Product overview

CH Offshore Ltd. operates as an owner-operator and ship manager of offshore support vessels for the offshore marine oil and gas sector. The company operates a fleet of 6 Anchor Handling Tug Supply (AHTS) vessels, all with 12,240 BHP capacity for deeper water operations. Five vessels are wholly owned (PERIDOT, INTAN RATU, MUTIARA RATU, M LUISA, PERMATA RATU), with CORAL being co-owned. The vessels are deployed globally across Southeast Asia, Mexico, India, and Africa. Through CHO Ship Management, the company also provides ship management services for third party vessel owners, offering offshore construction support, towing, anchor-handling, and cargo supply services.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Support Vessel (OSV) Charter Services Owner-operator chartering of a fleet of six Anchor Handling Tug Supply (AHTS) vessels with 12,240 BHP capacity each, providing offshore construction support, towing, anchor-handling, and supply of deck, liquid, and dry bulk cargoes to oil and gas majors, national oil companies, and offshore contractors globally.
• CHO Ship Management Services Ship management services provided by CHO Ship Management Pte. Ltd. (CHOSM) for third-party vessel owners, including offshore construction support, towing, anchor-handling, and supply of deck, liquid, and dry bulk cargoes, dangerous goods, and field support services. ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 certified.
• PERIDOT (AHTS Vessel) AHTS vessel built in 2010 (61.45m x 16.4m x 7.2m) with 2x Wartsila main propulsion totaling 12,240 BHP, Dynamic Positioning System Class 2, and bollard pull of 152.2 MT continuous / 158.8 MT maximum. Used for offshore construction support, towing, anchor-handling, and supply operations in deeper waters.
• INTAN RATU (EX-AQUAMARINE) (AHTS Vessel) AHTS vessel built in 2009 with bollard pull of 152.0 MT continuous and 157.7 MT maximum, used for offshore construction support, towing, anchor-handling, and supply operations.
• CORAL (AHTS Vessel) Co-owned AHTS vessel built in 2008 with bollard pull of 157.2 MT continuous and 162.0 MT maximum, used for offshore construction support, towing, anchor-handling, and supply operations.
• MUTIARA RATU (EX-LANGERY) (AHTS Vessel) AHTS vessel with bollard pull of 151.8 MT continuous and 155.1 MT maximum, used for offshore construction support, towing, anchor-handling, and supply operations.
• M LUISA (EX-TURQUOISE) (AHTS Vessel) AHTS vessel with bollard pull of 153.9 MT continuous, used for offshore construction support, towing, anchor-handling, and supply operations.
• PERMATA RATU (EX-ATLANTIC CONQUEROR) (AHTS Vessel) AHTS vessel with bollard pull of 153.6 MT continuous and 159.2 MT maximum, used for offshore construction support, towing, anchor-handling, and supply operations.

Quantifiable outcome

• Zero Lost Injury Incident rate in FY2025
• +1 more outcomes

Named customers12 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Vallianz Holdings: Singapore-based offshore support vessel owner-operator focused on AHTS and platform supply vessels for the global oil and gas industry. Closely comparable to CHO given similar regional positioning, vessel mix, and customer base of oilfield majors.
• Bumi Armada: Malaysia-based provider of offshore vessels (FPSO, OSV) for the oil and gas sector. Comparable to CHO through its OSV charter and services offering to international oil and gas clients in similar geographies.
• Bourbon SA: France-based global OSV operator providing AHTS, platform supply, and crew vessels to oil and gas majors worldwide. Direct competitor in the same AHTS segment with overlapping service offerings.
• Pacific Radiance: Singapore-listed OSV operator with AHTS, towing, and offshore support capabilities serving oil and gas clients across Asia and beyond. Direct peer given overlapping fleet type, regional headquarters, and customer overlap.
• Mermaid Maritime: Thailand-based offshore services company operating subsea and offshore support vessels for oil and gas. Comparable to CHO through its AHTS/advisory fleet operations and oil-major customer base across Southeast Asia.
• DOF ASA: Norwegian offshore vessel owner-operator with AHTS, subsea, and platform supply vessels servicing global oil and gas customers. Comparable through similar AHTS-focused service to international oil majors.
• EMAS Offshore (Ezra Holdings / EMAS): Singapore-based offshore support services provider with AHTS, subsea, and offshore construction capabilities serving oil and gas majors. Direct competitor in the regional AHTS market.

Broad incumbents

• Sembcorp Marine: Major Singapore-based marine and offshore engineering group with shipbuilding, offshore platforms, and OSV exposure. Comparable as a Singapore-domiciled incumbent in offshore services, though at significantly larger scale and broader scope than CHO.
• Tidewater Inc. One of the world's largest OSV operators with a global fleet of offshore support vessels serving the oil and gas industry. Comparable to CHO as a broad incumbent in the same vessel charter business, but at materially greater scale.

Others

• Baker Technology Limited: SGX-listed parent of CHO providing specialized marine offshore equipment and services. Comparable as an adjacent enabling company with strategic alignment to CHO and overlapping oil and gas industry focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries13 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 CH Offshore