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Swissco orders first liftboat for $56m

Swissco orders first liftboat for $56m
Singapore-listed offshore service provider Swissco is acquiring its first liftboat for $56m.

Swissco said the self-propelled liftboat was expected to be delivered in two years from an unspecified shipyard in Southeast Asian shipyard. The vessel will be deployed in Southeast Asian waters and will be able to operate in a water depth of up to 70 m and have accommodation for 120 personnel.

“The use of liftboats originated in the United States, in the Gulf of Mexico. But with more oil platforms requiring upgrading, maintenance and replacement in Southeast Asia, liftboats are also increasingly seen as more cost-efficient support vessels for a wide array of offshore jobs here,” said Alex Yeo group ceo of Swissco.