Abeer Marine Services (AMS), a company in the Wilh. Wilhelmsen group (WW) will establish a joint operating company with the Maersk
-owned SvitzerWijsmuller (SW).
The joint company will be named Express Offshore Transport Pte. Ltd. (EOT). WW and SW will each own 50 percent. The company will be based in Singapore
and have 80 shore based personnel. The company will be operational as of 1 November 2005 subject all relevant approvals being given.
The application for approval of the new joint company is being considered by the European Commission under
the EC Merger Regulation.
- EOT will become a solid company which will be well-equipped to increase the quality and further improve the service vis-à-vis the customers, as well as ensuring that the increasingly high level of requirements from the authorities will be taken care of, says managing director Jesper T. Lok
EOT will after the merger deploy a fleet of 55 light supply vessels, ranging from 68 to 135 feet, of which 6 are under construction. The vessels will offer the oil industry
in The Arabian Gulf
and Asia offshore transportation
of personnel and supplies to oil installations
- Together with SW, we look forward to further developing the company in a steadily growing market. EOT will be an important partner to the oil industry in the future, says senior vice president Arild B. Iversen in WW. Iversen is responsible for Wilhelmsen Offshore & Chartering AS, the WW company owning AMS.
EOT will be headed by managing director Diederik de Boer, who is appointed by SW. Arild B. Iversen from
WW will be chair of the board.