Swissco buys first liftboat

Swissco buys first liftboat

Singapore: Offshore marine firm Swissco Holdings has bought its first liftboat for $56m. The ship is now being built at Southeast Asian firm Triyards for delivery in two years.

Alex Yeo, group ceo of Swissco, said: “This marks our foray into the liftboat market, and is significant in strengthening the group’s position as a fully-integrated offshore marine player.

“Acquiring our first liftboat allows us to expand and diversify our existing fleet, and enhances our value proposition to our oil and gas customers as a comprehensive marine services provider.

“In recent years we have seen an increase in demand for liftboats in Southeast Asia. With oil and gas majors stepping up their exploration and production activities to satisfy the regional energy demand, Swissco is looking to tap into new opportunities provided by the liftboat market, which remains relatively under-penetrated in this region.”  [16/09/14]