SUBSCRIBERS
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
Published Fri, Dec 7, 2018 · 09:50 PM
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.
Copyright SPH Media. All rights reserved.
