KAF OFFERS THE FOLLOWING SERVICES:
CHARTERING (TIME & BAREBOAT)
SALE & PURCHASE
KAF forges strong business relations with offshore vessel owners, financial institutions & numerous shipyards, thus we are always in the ‘loop’ of keen buyers & sellers. We are well-versed with the market conditions and dynamics of the S&P sector to match the right vessel to suit the job for the buyer without compromising the quality of the vessel being brokered. We currently have a fleet of 5 vessels, comprising two tugboats and three work barges, which are chartered out by way of bareboat or time charters.
Under the bareboat charter contract, the charterer is responsible for operating and maintaining the vessel and for all expenses, including the costs of maintaining its own crew on board the vessels. Since the beginning of 2009, we have entered into time charter contracts with various charterers, where we provide officers and marine crew who would operate and manage the vessel for the length of the time charter contract.
Ship chartering contributes less than 10 percent to our revenue, but we plan to expand in this area for the recurring income stream, and mitigate the cyclicality and project-based nature of the shipbuilding industry.
Although we currently operate mainly in Papua New Guinea, we may deploy our vessels for chartering anywhere in Southeast Asia depending on the needs of our customers and demand in other geographical area.
KAF offers the following services:
- Contracts/Specification Review
- Dry-dockings/Special Surveys
KAF is actively involved in the entire newbuilding process – from the conceptualization of the vessel through to its delivery. This process includes:
- Vessel Design
- Vessel Specification
- Shipyard Selection
- Vessel Delivery
KAF MARINE EXPERTISE
KAF Marine Expertise offers the following services:
- Technical/Marine Consultancy
- Commercial Consultancy
- Condition Surveys
- Pre-purchase Inspections/Surveys
- On/Off Hire Inspections/Surveys
- Suitability Surveys