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Swissco buys three OSVs at Chinese shipyards

Swissco buys three OSVs at Chinese shipyards
Swissco Holdings has spent SGD35m ($28.1m) to place orders for the construction of three offshore support vessels (OSVs) at Chinese shipyards.

The offshore marine service provider will take delivery of the two anchor handling tug supply (AHTS) vessels and one multipurpose utility tug in 2015.

The latest order brings Swissco's vessels under construction to a total of 11, comprising of AHTS vessels, accommodation vessels, utility tugs, crew boats and barges. The company currently owns and operates 33 OSVs.

“Expansion and renewal of the fleet will help us tap on the growing demand for offshore support vessels, and give us the capability to provide high-quality and competitive services to meet the needs of our clients,” said Alex Yeo, ceo of Swissco.

“The addition and ownership of these three new vessels will help us improve our operating efficiency and also show our commitment to grow our chartering business,” he added.