Swissco eyes fleet expansion

Singapore: Offshore service provider Swissco Holdings is eyeing fleet expansion and seeking acquisition opportunities.

“With the outlook of global E&P spending set to remain positive we expect charter rates and demand for our vessels to remain stable. As such, we will continue to enhance our fleet capabilities through our fleet expansion and renewal program to better meet market demand,” said Alex Yeo, ceo of Swissco.

“In order to further unlock shareholder value, we will continue to actively seek to establish strategic alliances in new markets to propel the growth of our existing business. We will also seek acquisition opportunities to broaden and diversify our earning base,” Yeo added.

Swissco reported an annual profit of S$23.19m for the year of 2013, a year-on-year growth 41.5%. [24/02/14]

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