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Swiber secures lease to expand Singapore shipyard

Swiber secures lease to expand Singapore shipyard
Swiber Holdings has secured a lease to expand its shipyard in Singapore.

Swiber subsidiary Newcruz Shipbuilding & Engineering has secured the lease till 2021 from Jurong Town Corporation.

The Singapore-listed company said the 3.6 hectare piece of land with 220 m of waterfront was next to its existing yard and would be a form a comprehensive marine support base for its offshore construction activities.

“This additional lease secured by Newcruz will provide the necessary infrastructure to meet the increased demands for in‐house auxiliary shipyard services; achieving seamless vertical integration for the group and creating the competitive advantage for Swiber in the offshore oil and gas industry,” said Francis Wong, ceo and president of Swiber.