Moving forward MHB’s key focus will be on securing recurring revenue from Oil & Gas services and marine businesses for the next three years. It will intensify its efforts in the area of Oil & Gas services by developing onshore and offshore segments, focusing on RAPID project, hook-up & commissioning (HUC) facilities as well as platform improvement and maintenance works. There are plans to expand MHB’s market with its joint venture partner, EPIC, to attract offshore vessels operating in the Gulf of Thailand. As a long term initiative, this will offer more flexibility in terms of the diverse drydocking activities, vessel type and adhoc/en-bloc requirements as well as safeguard MHB’s market share. MHB is evaluating the potential to expand its capacity via the proposed construction of a new third drydock. At the same time, the company will focus its efforts on cost and asset utilisation programmes by ensuring cost reductions in the tender process, undertaking productivity improvements, as well as optimising workshop and machinery usage. 75 Performance Review
RkJQdWJsaXNoZXIy NDgzMzc=