Singapore: Mainboard-listed Swissco Holdings has secured contracts for its crew boats worth an aggregate of S$8.24m.
The group took delivery of a new crew boat on 16 April, the Swissco Cheetah. With the addition of Cheetah, the group owns and manages a total of 7 crew boats.
Cheetah was immediately deployed on 18 April to Brunei for a 12-month period. The group also secured a 6-month extension for the Swissco Spear in Malaysia and a minimum 90-day job for the Swissco Spur in Brunei.
In addition, Swissco is scheduled to take delivery of another crew boat named Swissco Puma, which is expected to be completed next month. The contract for Swissco Puma is currently under negotiation. In view of the increased demand for crew boats, the group has made plans to expand its fleet of vessels with two additional crew boats which are expected to be delivered in the first half of 2014. In total the group now has 14 vessels under construction.
“We are seeing heightened activity levels in the offshore marine sectors, particularly in the Southeast Asian countries as oil majors expand exploration and production programmes,” said Swissco’s executive chairman, Robert Chua. [26/06/13]
