LOC Celebrates 25 Years in Singapore

press release
Tuesday, February 21, 2012
Andrew Squire, LOC Group Chief Executive Officer.

Planning to Expand Further in the Region.
 

London Offshore Consultants (LOC), one of the world’s leading independent marine and offshore industry consultancy firms, is set to expand its activities and office network in Asia Pacific, it announced. LOC provides a range of specialist consultancy services on planning, design and execution of high value, complex marine and energy based operations through to technical advice on major shipping casualties. Its customers include the world’s leading oil and gas majors, contractors, underwriters, Protection and Indemnity (P&I) Clubs, other marine insurers, governments, lawyers, ship owners and a host of other maritime businesses.


As LOC this year celebrates the 25th anniversary of the founding of its Asia headquarters in Singapore, it announced it is gearing up for another phase of growth in Singapore and the Asia Pacific region. LOC Group Chief Executive Officer Andrew Squire said today: “Despite the uncertain global economic outlook and the difficult times the shipping industry faces today, we have been able to expand our activities in Asia tremendously in the past five years.”
 

“Our Singapore office is now equal to our London headquarters in terms of activities and the business it produces for the group. Singapore is a good place to do business and it will remain our Asia hub as we expand our footprint into other major maritime and offshore oil and gas centres in the region.”


The Singapore hub has developed a network of offices in mainland China, Hong Kong and also in Thailand.  LOC also has a thriving office in Perth serving the burgeoning offshore developments in Australia.  Further development is planned in other countries in the region where there is already ongoing business including; Malaysia, Vietnam and South Korea.  LOC’s core activities in Asia include advising insurers on marine casualties, insurance claims, disputes and litigation, marine warranty surveys, marine and engineering consultancy and surveys, inspections and audits.


Staff numbers have increased in the Asia Pacific region in excess of 120% over the last five years and are predicted to grow similarly over the next five years.
The Singapore office has increased its activities significantly in the past five years with revenues almost trebling over that period.  Approximately 35% of the Group’s revenue is earned within the Asia Pacific region now, compared to just over 20% five years ago.
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Offshore

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

Rederij Groen Takes Delivery of 7-Waves

Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves,

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

Consulting

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

Technip & Fluor Bag RAPID UIO Project

Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2410 sec (4 req/sec)