Sime Darby Industrial and Icon Offshore Berhad in Strategic Collaboration
KUALA LUMPUR, 24 August: Sime Darby Industrial Sdn Bhd (SDISB) and Icon Offshore Berhad, via its subsidiary Icon Ship Management Sdn Bhd (ICON), have entered into a strategic collaboration for a pilot project to install a CAT® Remote Fleet Vision (RFV) on an ICON vessel.
The RFV installation is the first ever on a vessel in Malaysia.
SDISB, a subsidiary of Sime Darby Berhad, is the authorised distributor and technical support service provider for Caterpillar marine engines and related products in Malaysia and Brunei.
ICON meanwhile, is a wholly owned subsidiary of Icon Offshore Berhad, the largest offshore support vessel (OSV) provider in Malaysia operating a wide range of logistical support services throughout the entire offshore oil and gas life cycle.
The CAT® Remote Fleet Vision device, also known as the RFV will be installed on board Icon Zara, a vessel owned by ICON.
SDISB will undertake all the costs of installation and monthly collaboration for six months from the commissioning date. At the end of the six months, ICON has the option to lease the RFV from SDISB for 30 months.
SDISB Managing Director CK Teoh said SDISB and ICON have a long-term relationship having grown the business together for over 10 years.
“ICON has given us the trust and mandate to handle the repair and overhaul of the vessels all these years. This partnership has indeed supported our growth in the sector.
“Now, as an extension of our services after several rounds of collaborations, we are pleased to offer ICON the RFV. We have had prior engagements with the ICON management team to present our capabilities and we applaud them for their foresight in adopting this game-changing technology.
“This venture between both companies is a breakthrough for us in our quest to expand our business,” Teoh added.
Icon Offshore Berhad Managing Director Dato’ Sri Hadian Hashim thanked SDISB for its support in ensuring ICON’s fleet are maintained in a timely and professional manner.
“With almost 80% of our vessels equipped with Caterpillar engines, we have been relying on SDISB for parts and services for regular maintenance as well as drydocking programmes over the last decade.
“Today we are embarking on a new journey with SDISB on a strategic collaboration for maintenance and drydocking, by streamlining our processes and improving the execution at SDISB’s end. We were excited by SDISB’s proposal on RFV and jumped at the chance to be the first OSV player to pilot it.
He further added: “The RFV is a game changer for us and we look forward to more exciting solutions from SDISB to redefine the way we operate. We believe this strategic collaboration is beneficial to both parties and will further strengthen our partnership.”
RFV is the latest technology offered by Caterpillar. Cat RFV which is bundled with a customer preventive maintenance Customer Value Agreement (CVA) provides customers with customised data to identify and resolve problems quickly. It is also able to locate, track and manage all customer connected assets with just a few clicks no matter where the vessel is or the brand of engines used. ICON is the first Malaysian marine customer to install the solution.
Services to be included in the arrangement for ICON are daily remote monitoring services, monthly condition monitoring reports, annual engine health checks and periodical engine oil sampling (every 500 Service Meter Unit hours).
Two additional and related agreements were also signed today namely the Pricing Framework and Dry Docking Maintenance agreements.
Under the Pricing Framework agreement, ICON will enjoy fixed pricing for the duration of the contract, and enjoy the 12 months CAT Global warranty for all parts supplies. This is especially important during these times when market conditions are volatile, and a single pricing agreement provides stability for customers.
Also present during the signing ceremony were Icon Offshore Berhad chairman Raja Tan Sri Dato’ Seri Arshad Raja Tun Uda and Sime Darby Berhad Group Chief Financial Officer Mustamir Mohamad.
About Sime Darby Industrial Sdn Bhd
Sime Darby Industrial Sdn Bhd (SDISB), a subsidiary of Sime Darby Berhad under its Industrial Division is the authorised distributor and technical support service provider of the Caterpillar heavy equipment business including marine engines and related products in Malaysia. Under its Tractors Malaysia dealership, it offers a comprehensive range of Caterpillar heavy equipment and services, ranging from the sale of new machines, engines and used equipment to after-sales support and rental equipment. Tractors Malaysia currently operates through a nationwide network of 17 branches and four depots. SDISB also represents other world-renowned premium brands including New Holland, Terberg, Perkins and Hyster. Sime Darby Industrial division covers the Asia Pacific region with heavy equipment operations in China, Macau, Hong Kong, South Korea, Vietnam, Thailand, Malaysia, Singapore, Brunei, Christmas Island, Maldives, Australia, New Zealand, Papua New Guinea, Solomon Islands and New Caledonia. For more information, please visit http://www.tractors.com.my
About Icon Offshore Berhad
Icon Offshore Berhad (ICON) is the owner and operator of one of the largest fleet of Offshore Support Vessels (“OSV”).The fleet available for charter by ICON are equipped with equipment and machineries that provide a wide range of logistical support services throughout the entire offshore oil and gas life cycle. The vessels can be used for a wide range of services, including seismic survey, drilling operations support, towing, anchor handling and mooring of barges, repair and maintenance support, accommodation facilities for personnel and transportation of personnel and supplies to platforms. ICON also provides ship management services to third party vessel owners. As at December 2019, ICON has a fleet of 23 active vessels available for charter and operating in waters off Malaysia and Brunei ICON Group has a history of international operations in more than 10 countries in the Southeast Asia and Middle East regions including Vietnam, Indonesia, Egypt, Iraq, the U.A.E, India, Myanmar, Saudi Arabia, Qatar and Australia. For more information, please log on to http://www.iconoffshore.com.my
For further information, please contact:
Rita William Abong
Manager, Corporate Communications & Administration
Icon Offshore Berhad
Tel: +603 2770 0668 (DL) Mobile: +6012 4440082
Head, Business Intelligence & Media
Sime Darby Industrial Sdn Bhd
Tel: +603 80688350 (DL) Mobile: +6019 2990470