CH Offshore Ltd. ("CHO", the "Company" and together with its subsidiaries, the "Group") was incorporated on 31 March 1976 as Mico Line Pte Ltd. In April 1976, the Company became a wholly-owned subsidiary of Chuan Hup Marine Pte. Ltd. During that time, the Company saw a rise in demand for offshore support services which led to the expansion to its offshore fleet. On 28 February 2003, the Company became a public listed company on the Singapore Exchange Securities Trading Limited and changed its name to CH Offshore Ltd.
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. Subsequently on 28 April 2010, Scomi Marine Berhad sold its entire 29.07% stake in CHO to Energian Pte Ltd ("Energian"), a wholly-owned subsidiary of Falcon Energy Group Limited ("FEG").
February 2015 marked yet another significant milestone in CHO's history with the successful conclusion of the voluntary unconditional cash offer which FEG made through Energian, enabling FEG to acquire a 86.71% stake in CHO thus making CHO a subsidiary of FEG. On 7 April 2017, Energian sold a 21.83% stake to SZ Offshore Investment Pte. Ltd. On 26 July 2018, Baker Technology Limited ("Baker Tech"), through its direct wholly-owned subsidiary BT Investment Pte. Ltd. ("BTI"), acquired 52.72% stake in CHO. CHO therefore became a subsidiary of Baker Tech. The subsequent general offer resulted in BTI owning an increased stake of 54.98% in CHO.
Currently, CHO operates eleven AHTS vessels. Ten of the vessels are wholly-owned with an average age of twelve years as at 31 December 2019. 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 standing 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.