Three Swissco vessels bound for Middle East

Singapore’s Swissco has secured three charters worth US$17.3 million. The offshore support vessels, comprising two new workboats and one anchor handling tug supply vessel, will be deployed in the Middle East.

Sam Kwai Hoong, Group Chief Financial Officer of Swissco, said: “Once again, our strong industry connections and relationships with customers have served us well, enabling us to secure these contracts with our existing client. We continue to build on our fundamentals of delivering consistent, quality service to our customers, even as we expand into the upstream and become a leading international marine service provider for the offshore oil and gas industries.

“The Middle East continues to be a key source of oil for the global economy. Increasing investments into oil exploration and production in the region will have a knock-on effect on the demand for rigs and offshore support vessel services. “With our diversified fleet of vessels, we are well-positioned to meet this demand,” Sam Kwai Hoong said.

All three vessels are under American Bureau of Shipping (ABS) classification and the last of the 3 units has just started the charter, Swissco has informed.