CH Offshore Ltd ("CHO" or "the Group") was incorporated on 31 March 1976 as Mico Line Pte Ltd and in April 1976 became a wholly owned subsidiary of Chuan Hup Marine Pte Ltd. The company became a public limited company, changed its name to CH Offshore Ltd and was listed on the Singapore Exchange Securities Trading Limited on 28 February 2003.
In October 2005, Scomi Marine Berhad (formerly Habib Corporation Berhad), a public listed company on the Bursa Malaysia, acquired a 29.07% stake in CHO from Chuan Hup Holdings Limited. On 28 April 2010, Scomi Marine Berhad sold its entire 29.07% stake in CHO to Energian Pte Ltd, a wholly-owned subsidiary of Falcon Energy Group Limited ("FEG").
February 2015 marked another significant milestone in CHO's history when with the successful conclusion of Voluntary Unconditional Cash Offer, FEG through its wholly-owned subsidiary Energian Pte Ltd acquired 86.71% stake in CHO and it became a subsidiary of FEG.
On 7 April 2017, FEG and Energian Pte Ltd sold 21.83% stake in CHO to SZ Offshore Investment Pte Ltd. CHO remains a subsidiary of FEG.
More recently on 26 July 2018, Baker Technology Limited ("Baker Tech") through its direct wholly-owned subsidiary BT Investment Pte. Ltd. ("BTI") successfully acquired majority stake in CHO and it became a subsidiary of Baker Tech. As a result of the said acquisition, BTI currently has 54.98% stake in CHO.
Currently, CHO operates sixteen AHTS vessels and one OSV vessel. Twelve of the vessels are wholly owned AHTS vessels with an average age of eleven years old as at 31 December 2018. Seven of the newer AHTS are 12,240 bhp vessels equipped with state-of-the-art facilities for heavier offshore work in deeper waters.
Building on CHO's long history of strength and expertise, the Group will continue to forge excellent relationships with its customers through firm commitment to quality, reliability and high service standards.