SEMCO Orders Two Tugs
Signing for new tugs: pictured (l/r) are: Peter Lee, General Manager of Semco; V. Sivarajan, Managing Director of Semco parent PSA Marine; Tokuro Takagi, Executive Officer, USC; and Tetsuro Morita, Team Leader, Newbuilding and Commercial Vessels, USC. Following up on the delivery of two 165 tons bollard pull towing/salvage tugs in early 2004, Semco Salvage & Marine Pte Ltd has taken a step in renewing and enhancing fleet capability. The PSA Marine subsidiary has signed with Universal Shipbuilding Corp (USC) of Japan for two 150 tons towing/salvage tugs (with an option for a third). The contract was signed by V. Sivarajan, Managing Director of PSA Marine, and Peter Lee, General Manager of Semco.
PSA Marine Completes $112M Acquisition
PSA Marine completed the acquisition of the marine business of Sembcorp Logistics Ltd. for $112.97 million. "The strategic acquisition complements PSA Marine's core business and extends its geographical reach to key overseas markets in Hong Kong, Southeast Asia, Middle East and Africa," said PSA in a statement. The addition of salvage tugs and semi-submersible barges to its fleet would also widen PSA Marine's range of marine services to include international emergency response and ocean towage, it said. "We will consolidate our core activities and at the same time expand into new growth areas. There is potential in the offshore support business for the oil and gas industry and we are currently focusing on niche business opportunities," said PSA Marine managing director V. Sivarajan.
