Swissco secures contracts for crewboats, makes plans to expand fleetCompany News // June 28, 2013
Mainboard-listed Swissco Holdings Limited has secured contracts for its crewboats worth an aggregate of S$8.24 million.
The group took delivery of a new crewboat on 16 April 2013, Swissco Cheetah. With the addition of Cheetah, the group owns/manages a total of seven crewboats.
Cheetah was immediately deployed on 18 April 2013 to Brunei for a 12 month period. The group also secured a six-month extension for Swissco Spear in Malaysia and a minimum 90-day job for Swissco Spur in Brunei.
In addition, Swissco is scheduled to take delivery of another crewboat, Swissco Puma, which is expected to be completed in July 2013. The contract for Swissco Puma is currently under negotiation.
In view of the increased demand for crewboats, the group has made plans to expand its fleet of vessels with two additional crewboats, which are expected to be delivered in the first half of 2014.