Mainboard - listed Swissco Holdings Limited, a leading marine service provider for the shipping and offshore Oil and Gas industries has placed order s for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option, the company said in its press release.
The newbuild vessels , excluding owner supplied equi pment , are worth an aggregate of S$42 million. The AHTS and the fast utility/c rew b oats will be built at Chinese Yards and are expected to be delivered in 2015, adding to the Group’s fleet capabilities. As part of its overall strategy in maintaining a co mpetitive and modern fleet of vessels available for charter, Swissco continuously renews its fleet to maintain a low age profile. This is complemented by expanding the fleet to improve the range of vessels offered and capabilities.
“We believe that the heightened demand for offshore support vessels will remain sustainable on the back of healthy level of activities in the robus t oil and gas industry and we will continue to tap on this growing demand by enhanc ing our f leet capabilities through our vessel expan sion and fleet renewal program.” Mr. Robert Chua, Executive Chairman of Swissco
ABOUT SWISSCO HOLDINGS LIMITED
Transferred to the SGX Mainboard since 9 January 2013 , Swissco H oldings Limited (“ Swissco ”) is a leading marine service provider for the shipping and offshore Oil and Gas industries. Swissco o wns and operates a young fleet of offshore support vessels, tugs, barges and OPL (Out - Port - Limit ) boats. With vessels deployed from Indonesia, Malaysia, and Vietnam to the Middle East, the Group has earned a reputation for providing one of the most comprehensive marine and shipping solutions in a prompt, reliable and efficient manner.