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December 22, 2013updated 10 Mar 2022 4:06pm

Swissco secures three contracts for their charter vessels

Singapore-based Swissco Holdings has secured three contracts for its offshore support vessels (OSV).

Singapore-based Swissco Holdings has secured three contracts for its offshore support vessels (OSV).

The company will deploy an OSV in the Middle East under a contract worth S$15.2m ($12m).

The deal includes a sale and purchase option, which is exercisable after the charter period.

The company has also secured two short-term charter contracts for its two accommodation vessels, to be deployed at separate work sites in South East Asia.

The first accommodation vessels will be deployed for a 30-day period with the option to extend the contract, while the second will be deployed for six months.

Swissco Holdings CEO Alex Yeo said they are pleased to have secured three charter contracts for their vessels.

“As Swissco continues to develop its chartering services segment, we believe that we will further benefit from the robust demand for OSVs spurred on by healthy activities in the oil and gas sector,” Yeo said.

Swissco Holdings is a marine service provider for the offshore oil and gas industry. It owns and operates a fleet of OSVs, tugs, barges and out-port-limit boats that are deployed all across the globe.

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