Swissco sells sizeable chunk of offshore support vessels division
The disposals by judicial managers of the troubled marine group are expected to help reduce its liabilities
Add BT as a preferred source
Nisha Ramchandani
Singapore
THE Judicial managers of marine company Swissco Holdings are disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.
Six of Swissco's wholly-owned subsidiaries - namely Swissco International (SIPL), Swissco Maritime (SMPL), Swissco Ship Services (SSSPL), Swissco Asia (SAPL), Singapore Marine Logistics (SM LOG) and Swissco Offshore (SOPL) - entered into a master sale and purchase agreement with Allianz Middle East Inc on Dec 6.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The returnees: Inside China’s AI talent reversal
