Strong Offshore Market Demand Prompts Swissco OSV Orders

Singapore's Swissco Holdings say they have placed orders with China shipyards 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.

The orders comprise

• Two AHTS (80 tonnes bollard pull with dynamic position capability)
• One 36 meter fast utility/crew boat with option for a second vessel

The AHTS and the fast utility/crew boats will be built at Chinese Yards and are expected to be delivered in 2015, adding to the Group’s fleet capabilities.

Swissco owns and operates a fleet of offshore support vessels, tugs, barges and OPL (Out- Port-Limit) boats, deployed from Indonesia, Malaysia, and Vietnam to the Middle East,