Swiber Holdings Limited (“Swiber”, “the Group”), a world class integrated construction and support services provider to the offshore oil and gas industry, has successfully secured an additional lease at Tuas Cresent, which when combind with its existing shipyard, will form a comprehensive marine support base for its offshore construction activities, the Group said in a press release.
Its wholly‐owned subsidiary, Newcruz Shipbuilding & Engineering Pte Ltd (“Newcruz”), has secured this additional lease from Jurong Town Corporation (“JTC”) till 2021. This lease, which is next to Newcruz’s existing shipyard is slated for integration to expand its existing yard services capacity and to provide additional bandwidth for berthing facilities.
Newcruz had obtained its first lease from JTC for an existing shipyard that is located at 23 Tuas Crescent. The existing shipyard holds a two‐storey main building and a single‐storey workshop as well as facilities such as a slipway, wharf and working yard.
The combination of the existing shipyard, with lease also extending to 2021, with the secured second lease will create a total area of over approximately 3.6 hectares and strategic waterfront land of 220 metres; extending the repair and conversion facilities for its fleet of vessels and creating an enhanced offshore fabrication capacity for structure mass of up to 300 tons.
Swiber founded in 1996 is a leading engineering and construction organization in offshore oil and gas industry. The group has a fleet of 65 vessels, including 49 offshore vessels and 16 construction vessels, and more than 3200 employees in over 40 different nationalities in strategically located offices in the region.
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