Swiber forms joint venture with Hilong Marine

Swiber forms joint venture with Hilong Marine

Singapore offshore company Swiber Holdings has formed a joint venture through subsidiary Swiber Offshore Construction with Hong Kong-based Hilong Marine Engineering.

The joint venture is called Ocentra Offshore and will focus on pipe-laying and integration of pipeline systems, offshore heavy lifting and installation, subsea tie-in and under water maintenance, barge/vessel management and chartering.

Swiber is taking a 49% stake in the jv while Hilong is taking a 51% controlling share.

The judicial managers of Swiber believe the joint venture provides an opportunity to expand its existing business of vessel chartering and an opportunity to capitalise on the collective experience of the shareholders.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts