Swire Oilfield Services Plans More SE Asia Investments

By George Backwell
Friday, June 27, 2014
Offshore rig worker: File photo

Swire Oilfield Services, global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management says it plans to further invest in Southeast Asia with the development of three new operational yards and the arrival of new rental equipment to its fleet.

The company, which established its first Southeast Asia base in Singapore in 2010 and has since opened further bases across the region, is the largest supplier of DNV certified cargo carrying units in the Southeast Asia market.

To better meet increasing customer demand in the region, the company has invested more than $10 million USD by expanding its cargo carrying unit rental fleet and further developing operating bases in Myanmar, Malaysia and Thailand.

Development is due to be completed on all new bases by the end of the first quarter 2014 and is predicted to bring additional employment opportunities in local areas as the supporting operational infrastructure continues to expand in Southeast Asia.

Troy Brice, Director and Regional General Manager Asia Pacific, commented on further establishing the company’s presence in the region, said:  “The announcement follows a successful 2013 for the team in Southeast Asia which resulted in multiple long-term contract wins with multinational customers, increase in workforce and our service capability leading to recognition across the industry of our high quality offering to the market. This played a key part in contributing to achieving the company’s overall global growth plans.

He continued: “We are continuing to demonstrate our commitment to the region with the opening of the new facilities, a major expansion of our equipment fleet as well as bringing innovative products and services to the market. This is an exciting phase in our global growth plans of which we are very much looking forward to be a part of. Swire Oilfield Services is investing for the long term future and will continue to set the standards for the industry.”

About the Company
Swire Oilfield Services is a part of the Swire Group, was established in 1979 and is the world's largest supplier of specialist offshore cargo carrying units to the global energy industry and is a leading supplier of modular systems, offshore aviation services, fluid management.

Operating in over 31 countries, with a team of 1,000 staff operating from more than 50 bases around the globe. The company has a presence in all major oil and gas regions with large operations in the Americas, Europe & Africa, and Asia Pacific.





 

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

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Vessels

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Logistics

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

Offshore Energy

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics 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: 0.2017 sec (5 req/sec)