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The Group continues to focus
on the
marine offshore
segment of the oil & gas
industry.
2 key events
for the Group
in 2018 – the chartering of our
liftboat,
Blue Titanium
and the
acquisition of
54.98% equity
interest
in CH Offshore Ltd.
(“CHO”), a company which owns
and operates a fleet of offshore
services vessels.
The Group derived its revenue
solely from the marine offshore
segment. About
82% of the
revenue
was from the Asia Pacific
(excluding China & Singapore)
region as its liftboat, Blue Titanium,
as well as the CHO vessels are
mainly deployed in Southeast Asia.
operating
review
Revenue By Geographical Area
2018
$’000
2017
$’000
Middle East
3,205
2,608
China
41
15
Asia Pacific (excluding China & Singapore)
26,953
764
Singapore
969
1,288
Others
1,534
327
32,702
5,002
FY2018
FY2017
10%
52%
7%
15%
26%
5%
82%
3%
<1%
10
B A K E R T E C H N O L O G Y
L I M I T E D