Kim Heng stands to recoup US$9.6m vessel purchase in one year

Singapore

KIM Heng Offshore & Marine Holdings' executive chairman expects the US$9.6 million investment made in three vessels the listed group bought over in a bank sale of the pledged assets of the distressed Swiber Holdings, to break even within a year of their acquisition.

Thomas Tan, who doubles up as chief executive at the oilfield services group in wh…