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    Swissco orders more newbuilds

    Vessel & ROV News // December 10, 2010

    Swissco Holdings Ltd in Singapore has has announce that its wholly-owned subsidiary, Swissco Offshore Pte Ltd, has placed orders for two offshore support vessels for a total value of S$20 million.

    The two anchor handling tug supply vessels have been placed with a shipyard located in Guangzhou province, China. Designed and equipped to meet the changing demands of clients, these two vessels are expected to be deployed in the South East Asia region as well as the Middle East offshore oil and gas fields. The two vessels are expected to be delivered by the first half of 2012.

    “Having just completed the merger of Swissco International Ltd and C2O Holdings Ltd in September 2010, these two new ship orders are the first milestone of our newly merged entity” said Mr Robert Chua, Chairman of Swissco Holdings Ltd.

    “Even though the current market is still feeling the effects of the 2008 credit crisis, we are confident of the prospects of the offshore supply vessel market. We feel it is a right time to initiate our fleet expansion programme to enhance the capabilities of our fleet.”

    The group currently owns and operates a fleet of 48 vessels, and expects to take
    delivery of six vessels in 2011 and the aforementioned two vessels in 2012.


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