{"id":98340,"date":"2018-12-10T12:02:19","date_gmt":"2018-12-10T04:02:19","guid":{"rendered":"https:\/\/splash247.com\/?p=98340"},"modified":"2018-12-10T17:04:07","modified_gmt":"2018-12-10T09:04:07","slug":"swissco-offloading-25-vessels-to-allianz","status":"publish","type":"post","link":"https:\/\/splash247.com\/swissco-offloading-25-vessels-to-allianz\/","title":{"rendered":"Swissco offloading 25 vessels to Allianz Middle East"},"content":{"rendered":"<p>Singapore\u2019s Swissco, currently under judicial management, has agreed to sell the majority of its fleet of vessels to Allianz Middle East for $20.5m.<\/p>\n<p>The sale sees Allianz acquire 21 vessels and options for four additional vessels, all anchor handlers, owned by Swissco for a further $8.5m.<\/p>\n<p>The 25 vessels involved in the deal include nine anchor handlers, four workboats, three barges, and three utility tugs.<\/p>\n<p>Completion of the deal is expected before the end of February 2019.<\/p>\n<p>Swissco <a href=\"https:\/\/splash247.com\/swissco-officially-seeks-judicial-management-singapore\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080; text-decoration: underline;\">went into judicial management<\/span><\/span><\/a> in November 2016, after its restructuring plans were <a href=\"https:\/\/splash247.com\/problems-stack-endangered-swissco\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080; text-decoration: underline;\">rejected by lenders<\/span><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s Swissco, currently under judicial management, has agreed to sell the majority of its fleet of vessels to Allianz Middle East for $20.5m. The sale sees Allianz acquire 21 vessels and options for four additional vessels, all anchor handlers, owned by Swissco for a further $8.5m. The 25 vessels involved in the deal include nine &hellip;<\/p>\n","protected":false},"author":4,"featured_media":56508,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,73,60],"tags":[149],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swissco offloading 25 vessels to Allianz Middle East - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/swissco-offloading-25-vessels-to-allianz\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swissco offloading 25 vessels to Allianz Middle East - Splash247\" \/>\n<meta property=\"og:description\" content=\"Singapore\u2019s Swissco, currently under judicial management, has agreed to sell the majority of its fleet of vessels to Allianz Middle East for $20.5m. The sale sees Allianz acquire 21 vessels and options for four additional vessels, all anchor handlers, owned by Swissco for a further $8.5m. 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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\u2019s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.","sameAs":["https:\/\/www.linkedin.com\/profile\/view?id=6212775","https:\/\/twitter.com\/http:\/\/www.twitter.com\/ASMGrantRowles"],"url":"https:\/\/splash247.com\/author\/grantr\/"}]}},"jetpack_featured_media_url":"https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco.jpg","uagb_featured_image_src":{"full":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco.jpg",1268,870,false],"thumbnail":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-150x150.jpg",150,150,true],"medium":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-300x206.jpg",300,206,true],"medium_large":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-768x527.jpg",768,527,true],"large":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-1024x703.jpg",1024,703,true],"1536x1536":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco.jpg",1268,870,false],"2048x2048":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco.jpg",1268,870,false],"jannah-image-small":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-220x150.jpg",220,150,true],"jannah-image-large":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-390x220.jpg",390,220,true],"jannah-image-post":["https:\/\/splash247.com\/wp-content\/uploads\/2016\/10\/Swissco-780x470.jpg",780,470,true]},"uagb_author_info":{"display_name":"Grant Rowles","author_link":"https:\/\/splash247.com\/author\/grantr\/"},"uagb_comment_info":0,"uagb_excerpt":"Singapore\u2019s Swissco, currently under judicial management, has agreed to sell the majority of its fleet of vessels to Allianz Middle East for $20.5m. The sale sees Allianz acquire 21 vessels and options for four additional vessels, all anchor handlers, owned by Swissco for a further $8.5m. 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