Swissco sees opportunities in volatility

The group has a steady supply of work from national oil companies which puts it in a strong position.

OIL prices may be plummeting and the offshore and marine industry may appear to be in an uncertain position but there are bright spots for some amid the gloom as well.

Specifically, low prices may create an environment where others can buy assets cheaply. SGX mainboard-listed Swissco Holdings is one such company that is optimistic despite the downturn as it feels that it is in a position to not only weather the storm, but also benefit from it.

For instance, the group believes that current environment will help moderate the supply of vessels and rigs in the market. According to Tan Fuh Gih, executive director of the group's rig business, low oil prices will help weed out the pretenders in the industry,...

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