Swissco Orders Two AHTS Vessels

Posted by Michelle Howard December 4, 2013

Two AHTS (80 metric ton bollard pull with dynamic position capability)
One 36 meter fast utility/crew boat with option for a second vessel
Continues its fleet renewal and expansion program to capitalise on strong demand for offshore support vessels

Mainboard-listed Swissco Holdings Ltd., a marine service provider for the shipping and offshore Oil and Gas industries, announced that it has placed orders for two anchor handling tug supply vessels (AHTS) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate of S$42 million.

“We believe that the heightened demand for offshore support vessels will remain sustainable on the back of healthy level of activities in the robust oil and gas industry and we will continue to tap on this growing demand by enhancing our fleet capabilities through our vessel expansion and fleet renewal program,” said Robert Chua, Executive Chairman of Swissco