Singapore National Day 2013 - Part 1

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Discovery Reports

Swissco charters complete solutions for the region's shipping industry

Discovery Reports

PUBLISHED : Friday, 09 August, 2013, 5:24pm
UPDATED : Friday, 04 October, 2013, 10:37am

International maritime company Swissco is steadily growing as it focuses on servicing the marine sector's logistics, maintenance and consultation needs. With strong growth and stable demand, niche player Swissco operates in one of Asia's bright spots amid certain volatility encountered by conventional shipping companies.

Swissco owns, operates and charters a fleet of diverse offshore support vessels that offer customers a complete maritime solution.

"We are a one-stop-shop for clients, and our offshore support vessels support the drilling, production and exploration stages," says Swissco CEO and director Alex Yeo.

Swissco adds value to customers' operations by eliminating downtime and keeping costs competitive. Its ship repair and maintenance yards in Singapore service Swissco's fleet and third party vessels plying the region.

Espousing safety and environmental protection, Swissco provides technical advice on certification requirements to extend a vessel's seaworthiness. It operates a modern fleet of offshore support vessels that keep pace with the industry's operational requirements. Swissco is also expanding its fleet to strengthen its position as the industry's single source for logistics needs.

Backed by 40 years of maritime service experience, Swissco is positioned to secure growth opportunities in the shipping and offshore oil and gas industries.

"It's a fluid business, so we evolve and move with the times and demands of the market," Yeo says.

Having its beginning in Out-Port-Limit business, Swissco has evolved into operating a fleet of offshore boats catering to international companies in the oil and gas industry. Swissco's latest expansion is a joint venture that has placed an order for a state-of-the-art jack-up rig, which is expected to be delivered in two years' time.

"Our advantage is our assets are movable. We can easily understand local networks, customs and rules to support joint ventures," Yeo says.

Replicating its success in Singapore, Swissco supports maritime companies in Southeast Asia, including Indonesia and Malaysia, and in the Middle East to expand its network worldwide.

Swissco Holdings