Swissco Acquires Its First Liftboat

New asset expands and diversifies fleet offerings, enhancing the group’s value proposition to oil and gas majors as a comprehensive marine services provider; liftboatoat to be deployed within two years, enabling the group to tap into rising demand for liftboat services in Southeast Asia

SGX Mainboard-listed Swissco Holdings Limited, an integrated, international marine services provider, announced it has acquired its first liftboat for approximately $56 million. The self-propelled liftboat, which will be owned and managed by the group, is expected to be completed within two years and deployed in Southeast Asia. The contract, signed with a Southeast Asian shipyard, includes owner-supplied equipment. The liftboat will be able to operate in water depths of up to 70m and has accommodation for 120 offshore personnel.