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    Swiber Atlantis to sell barge Sea Horizon

    Company News // November 22, 2016

    Swiber Holdings Limited, which is being run by Judicial Managers, has announced that Swiber Atlantis Pte Ltd (SAPL), an indirect, wholly-owned subsidiary, has entered into a memorandum of agreement with WAG SPV I LLC in relation to the proposed disposal by SAPL of the vessel Sea Horizon. The vessel was built in 1977 and is the oldest vessel in the group’s fleet of 11 barges.

    The vessel is currently chartered to Meadsea Services BV (an indirect wholly-owned subsidiary of the company) and
    sub-chartered to Swiber Offshore Construction Pte Ltd but has been in 'off-hire' status as of 20 June 2016 at a shipyard in Singapore.

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