Swissco officially seeks judicial management in Singapore

Troubled Singapore offshore operator has officially sought judicial management, weighed down by millions of debts and banks unwilling to support it any more.

It joins Swiber Holdings in Singapore’s version of financial purgatory – one step away from liquidation.

Swissco – and its subsidiary Swissco Offshore, will find out in the coming days whether or not its application has been accepted.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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