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Swissco orders OSV pair

Singapore: Swissco Holdings has ordered a pair of offshore support vessels in China for S$20m. The Singapore company has ordered two anchor handling tug supply (AHTS) vessels from an undisclosed yard in Guangzhou. The two vessels are expected to be delivered in the first half of 2012. "Even though the current market is still feeling the effects of the 2008 credit crisis, we are confident of the prospects of the offshore supply vessel market. We feel it is a right time to initiate our fleet expansion program to enhance the capabilities of our fleet," said Robert Chua, chairman of Swissco. [08/12/10]

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