Singapore: Ship agency Sinwa has opened a Thailand branch with a view to servicing Thailand’s increasingly busy offshore business. Sinwa has a 49% stake in the venture with the remainder held by two Thai nationals.
Bruce Rann, group ceo of Sinwa, said, “We are excited to announce our entry into Thailand’s promising offshore sector. Backed by robust oil prices, Thailand has witnessed heightened level of offshore exploration and production activities. Our newly incorporated subsidiary in Thailand will be able to seize this great opportunity to grow our network and exposure to the offshore sector.” [07/07/14]