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

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Offshore

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Consulting

DNV's accredatation for Neosho Memorial

Neosho Memorial Regional Medical Center, Chanute, has completed a new accreditation process from Det Norske Veritas Healthcare. By earning accreditation, Neosho

Two Marine Engineers Join Specialists EBDG

Naval architecture, marine engineering & production support service providers Elliott Bay Design Group LLC (EBDG) apprise that they have appointed marine engineers

CA Port Seeks Public Feedback on Expansion

The Port of San Diego apprises it is to host separate open house events for the public to provide feedback on its long-range vision and 'Integrated Port Master Plan Update' process.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1248 sec (8 req/sec)