Swissco expands fleet

Singapore-based Swissco International Ltd?s wholly-owned subsidiary, Swissco Offshore Pte Ltd, has placed orders for four more offshore support vessels worth S$18.5m including owner supplied equipment.

The first order is for two identical units of 26m aluminum crew/utility vessels, placed

with a local shipyard which specializes in aluminum shipbuilding. Designed to carry

both cargo and offshore personnel, these vessels are expected to be deployed in

the region?s oil and gas fields by 1Q09.

Swissco has also ordered two other vessels from an Indonesian shipyard. The first

unit is a 57m landing craft (LCT), designed with a 1,000-ton cargo capacity that is

fully equipped for oilfield work. The second unit is a 48m multipurpose accommodation workboat designed and equipped for work such as diving support, maintenance work and towing, etc to meet the demand for offshore support vessels. Both units are expected to join the current fleet in 1Q09.