91 BUSINESS REVIEWS | REGULUS OFFSHORE External environment Risks Opportunities Regulus Offshore’s response Long-term (6 to 10 years) ESG and climate change focus. • Reputation risk for traditional energy value chain. • Lack of opportunities for players who do not actively incorporate sustainability in their operations. • More opportunities for companies that have clear and transparent transition plans. • More opportunities for companies with good environmental performance. • The projects we undertake must align with our Climate Goals and 30 by 30 targets. • We adhere to high standards of environmental transparency and disclosure. Rapid technological progress in the industry. • Increase in unmanned platforms, reducing reliance on OSVs. • Demand for more fuelefficient technologies and electrification. • Outdated and slow business and decision-making processes. • Development of future generation assets powered by AI. • Efficient and ESG positive assets and processes will be preferred. • Cost savings from efficiency gains. • We actively embrace innovation and digitalisation across our operations. • We engage with industry peers to understand the industry landscape. CLOSING REMARKS Looking ahead, we anticipate a growth outlook for our marine segment, driven by a supportive operating and regulatory environment, plus our strong track record and sustainability leadership position. This environment has improved charter rates for contractors like us, and created more demand for high-performing vessels, which we are well-positioned to provide. Indeed, we have already secured stable contracts for our fleet for the near to middle term, providing surety of contracted revenue. Observing the growth trends in the marine segment for OSVs, we are confident that our reputation, track record and ability to deliver and serve the needs of the industry, open the prospects for expanding our presence beyond the Malaysian waters to the regional market. As the industry navigates the evolving landscape brought about by the energy transition, Regulus Offshore will continue to explore various technology and solutions to adapt to the market needs. We remain committed to leveraging our position to make significant contribution to the Malaysian energy landscape and beyond. Also, in line with Yinson’s strong sustainability leadership position, we are dedicated to supporting the country’s decarbonisation goals and building a more sustainable future for everyone.
RkJQdWJsaXNoZXIy NDgzMzc=