Raymond Goh News

Singapore-based offshore contractor Swiber has signed a $200 million deal with box ship player Seaspan Corporation, just days after it announced the expiry of a term sheet for a share swop arrangement with Australian power generation firm, Interlink Power & Energy Holdings.In a stock exchange announcement, the offshore construction and services group said that it has signed with Seaspan a binding term sheet on October 3, 2018, which is subject to definitive agreements being entered into on mutually agreed terms. Under the terms, Seaspan proposes to invest up to $200 million in two stages.The first stage is an initial $20 million in cash for new ordinary shares in Swiber which will give it control of 80 percent of Swiber’s enlarged share capital…

Swiber Holdings' tugboat 'Swiber Charlton' fortuitously picked up a Thai man floating in open water 'twixt Vietnam & Singapore. “Swiber Charlton” was on its way back from Vung Tau, Vietnam to Singapore when the crew spotted at a far distance, a man floating but alive, in the open waters of the South China Sea. The vessel closed, a lifebuoy was thrown to him, and the survivor was brought up on the deck where he was quickly administered first aid. He did not incur any serious injuries and was assessed physically well.