Wilhelmsen and Svitzer sell Express Offshore Transport to Macquarie Bank LimitedNews // July 12, 2007
Wilhelmsen Offshore & Chartering AS (WOC) and Svitzer Far East Pte Ltd (SFE) have signed an agreement with Macquarie Bank Limited (Macquarie) for Macquarie to acquire Express Offshore Transport Pte Ltd (EOT).
EOT is a company based in Singapore and is jointly owned by WOC and SFE with 50 per cent each. WOC is a wholly owned subsidiary of Wilh Wilhelmsen ASA of Norway. SFE is a wholly owned subsidiary of SVITZER, part of AP Moller-Maersk Group.
EOT was established in February 2006 and operates a fleet of approximately 50 crew supply vessels. The company offers transportation of personnel and supplies to the oil industry in The Middle East and South East Asia.