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Swissco, subsidiary file for judicial management

Meanwhile, Swiber unveils potential US$10.25m sale of vessel pledged to DBS

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Published Mon, Nov 21, 2016 · 09:50 PM

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Singapore

AS it had indicated, beleaguered vessel operator Swissco Holdings has filed for judicial management (JM), becoming the second Singapore-listed offshore and marine (O&M) company to take this route after Swiber Holdings.

Both Swissco and its wholly owned subsidiary Swissco Offshore (Pte) Ltd filed their JM applications on Monday, Swissco said in an after-market filing to the Singapore Exchange (SGX) on the same day.

SwisscoSwiber

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