Federal Offshore was set up on 23rd December 2005 as a joint venture between Federal International (2000) Ltd with LongZhu Oilfield Services Limited to tap the growing opportunities in the marine logistics and offshore oil and gas sector.

Federal International (60%) and LongZhu (40%) holds stakes in Federal Offshore respectively. Federal International was founded in 1974 and listed on the SGX in the year 2000. The business currently divides into 4 key segments namely, Trading, Manufacturing, Marine Logistics and Power Generation.

In the year 2006, Federal Offshore clinches time charter with our first FSO to Petrochina, for a 10 years contract. This vessel, a Suezmax “Federal I” was purchased in 2006 that was converted into a FSO with a capacity of 1M barrels in Keppel Shipyard within a short period of less than 3 months.

We are most sanguine with the prospects in this segment as it is known for its lucrative value due to high demands for Oil and Gas Storage as well as support vessel in the Asia Pacific region. Federal intends to eventually have a fleet of vessels to capitalize on the demand from the industry.