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

Danny Broad Appointed to ARENA Board

The Chair, Board members and staff of the Australian Renewable Energy Agency (ARENA) are delighted to advise that Danny Broad has been appointed by the Australian Government to the Board of ARENA.

Monitoring U.S. Troops Returning from Ebola Mission

Secretary Hagel has signed an order that validated a recommendation from the Joint Chiefs of Staff to place all U.S. military service members returning from

Danaos Corp. 3Q & 9M Results

Danaos Corporation, a leading international owner of containerships, today reported unaudited results for the period ended September 30, 2014. Highlights for

Offshore

First Libra Offshore Oil Well Confirms Discovery

Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality

Maersk Interceptor Named in Norway

In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had

Aquarius MAS with Marine Solar Power Installed on Delos

Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'.

Consulting

SMC to Provide Marine Coordination for Siemens

Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project.

Good Performance by Dun & Bradstreet in 3Q 2014

Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014.

Schlumberger Introduces New Well Integrity Service

Schlumberger announced today the release of Invizion Evaluation* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data.

Surveyors

DEA’s New 82-foot Survey Vessel Commissioned

David Evans and Associates, Inc.’s Marine Services Division commissioned its new 82-foot hydrographic survey and scientific vessel Blake in a ceremony held in the vessel’s homeport of Gulfport,

EnQuest Selects Technip for Mega Subsea Contract

Technip was awarded by EnQuest earlier this year a large(1) engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea,

Burger Boat Delivers R/V Arcticus

Burger Boat Company delivered the R/V Arcticus, a 78-foot research vessel for the United States Geological Survey (USGS), on Friday, October 17, 2014. The Arcticus

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.2105 sec (5 req/sec)