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In addition to mooring and rigging equipment and services, we also provide our customers with design and fabrication services especially for customized pieces of mooring and rigging equipment. We also provide some vessel chartering services.

We act as a single source for all or substantially all of the equipment and services required to develop, install and operate temporary and permanent mooring systems. We generally provide these services and equipment either entirely in-house or, in the case of permanent mooring projects, through a combination of in-house and subcontracted services and equipment.

We currently own a fleet of nine vessels, consisting of two crane barges, four transportation barges, two test barges and one pipelay barge, primarily to support our equipment supply and projects activities and, subject to availability, for vessel chartering purposes.

The mooring and rigging equipment that we sell or lease to our customers includes our proprietary equipment, which is used for mooring and lifting heavy offshore equipment.
Our principal manufacturing facilities are located at our Singapore headquarters; and we have 210 metres of waterfront to support our business activities. In addition, we have subsidiaries or associated companies in Australia, Indonesia, the Netherlands, South Korea, the United States, Qatar, Malaysia and Azerbaijan, which provide regional sales and marketing, manufacturing and services. Having a presence in these locations enables us to provide global solutions to our international customers.

Our equipment sales and equipment leasing businesses include the sale and leasing of rigging equipment such as drill lines, pendant wires, shackles, cable-laid slings, crane hoist ropes and related fittings and the sale of oilfield equipment.

Our rigging services consist of the lifting and securing of a wide range of equipment, machinery, vessels and other objects, either onshore or offshore, including the lifting of heavy production equipment and structures onto oil and gas platforms and the seafastening of cargo or the towing of vessels for transportation. We generally provide all the rigging equipment required in these lifting operations. We also provide rigging services, load testing, spooling and termination of steel wire rope.

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ur equipment sales and equipment leasing businesses include the sale and leasing of mooring equipment, such as anchors, anchor lines, mooring chains, buoys and deepwater swivels, and the sale of oilfield equipment. Our mooring services generally involve the fastening and anchoring of offshore rigs, platforms, vessels and other structures to the ocean floor so that they remain stationary during exploration or production activities.

Our mooring projects activities primarily include:

• Temporary mooring services, which include the installation, retrieval and reinstallation of mooring systems to coincide with the movement of mobile offshore drilling units such as semi-submersibles and floaters, from one well to another during the oil and gas exploration and development phase. We have completed over 50 temporary mooring projects over the last 10 years.

• Permanent mooring services, which involve the one-time installation of mooring systems on a long-term basis, typically for a floating production or storage vessel, and generally for the entire duration of the production phase of a well. We have completed five permanent mooring projects since 2008.

• We also provide a range of other mooring services on a project basis to our mooring customers. These activities generally range from providing specific mooring solutions to implementing the entire mooring system requirements of an offshore project.