The OSVs comprise of two new workboats and one AHTS vessel, all of which will be deployed in the Middle East under the contracts.
“The Middle East continues to be a key source of oil for the global economy. Increasing investments into oil exploration and production in the region will have a knock-on effect on the demand for rigs and offshore support vessels services,” said Sam Kwai Hoong, group cfo of Swissco.
Earlier this month, Singapore-listed Swissco completed an acquisition for four mobile offshore drilling rigs, bringing its rig fleet to eight as it entered into the rig business.
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