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We provide green energy and engineering solutions for ships and marine equipment. (Incorporated in the Cayman Islands)
We are an investment holding company. Through our subsidiaries SF (Engineering) and SF (Power), we are involved in engineering design and consultancy services in energy management and clean energy systems, and wholesale of marine equipment and accessories, ship and offshore structure repairs and modification while afloat, relating to offshore maintenance, repairs, and overhauling (“MRO”) services. SF (Engineering) provides afloat repairs and MRO services while SF (Power) focuses on green energy solutions. Our business lines consist of (i) green energy solutions and ship and (ii) offshore MRO services. Our green energy solutions includes (i) marine electric propulsion solutions, (ii) marine energy storage solution (focus on battery less than 1.5MWh systems; including systems such as Green Cabin) and (iii) marine charging solution (focus on direct current chargers) and (iv) marine renewable solution. Our MRO services encompasses a wide range of services such as afloat repairs, maintenance, installation, structure and piping fabrication, and project and procurement management.
The Company initially specialized in project management for the construction of oil rigs, afloat repairs, maintenance, and fabrication services. In 2019, SF (Power) underwent a transformative shift, expanding into the development of green solutions for the maritime industry. This strategic move encompassed marine electrification, charging, and marine energy storage solutions. Notably, SF (Power) played a pivotal role in providing a hybrid solution for Singapore’s first hybrid-powered pilot boat, marking a significant milestone in the company’s journey toward sustainable maritime solutions. We believe that our green energy solutions business segment is currently experiencing and will continue to experience strong demand, driven by global climate change concerns and governmental and supra-national forces. We aim to deliver cost effective, innovative, and simple solutions, enabling mass adoption to reduce maritime carbon footprint. Our core competency is in the field of providing decarbonization and electrification solutions for the maritime industry, thus meeting environmental, sustainability and governance goals. Consequently, SF (Power)’s operations will continue to become a more integral part of our Group’s business. For the financial year ended December 31, 2022, 32% and 68% of our revenues were generated from SF (Power) and SF (Engineering) respectively. For the financial year ended December 31, 2023, 77% and 23% of our revenues were generated from SF (Power) and SF (Engineering) respectively.
Note: Net loss and revenue are in U.S. dollars (converted from Singapore dollars) for the year that ended June 30, 2024.
(Note: Sea Forrest International filed its F-1 on March 31, 2025, without disclosing the terms for its IPO. Estimated initial proceeds are $20.0 million. The company has not yet chosen a proposed symbol.)
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