SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
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CORPORATE MILESTONES<br />
1970 Founding of Sea Well Industrial and Ship Supply Company with a rented office at Cantonment Road, Singapore<br />
1973 Due to increased sales and for better control of delivery of ship supplies, we acquired our first Out Port Limit (OPL) boat.<br />
1975 Incorporated <strong>Swissco</strong> Offshore (Pte) Ltd to assume the growing operation of OPL marine logistics business. The<br />
company also moved into its own office at International Plaza, Singapore.<br />
1980’s The Company emerged from the recession in the mid 1980’s to become one of the leading operators of OPL boat<br />
and marine logistics services. We had also discontinued our ship supply business in favour of the OPL marine logistics<br />
business.<br />
1990 We acquired our first offshore support vessel to expand our services into the regional oil and gas industry. Soon after<br />
we also acquired our first barge as there was an increasing demand for our services.<br />
1995 We relocated to our own waterfront yard and office at 9 Pandan Road, Singapore. The site provided us with our own<br />
base for our increasing fleet as well as fabrication and warehousing facilities.<br />
1996 Founded PT Swisko Berjaya in Indonesia together with other partners to meet the needs of the oil and gas industry,<br />
marine infrastructure and mining industry within Indonesia.<br />
1997 Acquired 2 additional new tugs to support the operations.<br />
1998 Started our offshore fleet renewal with the delivery of 2 new vessels. We also acquired our repair facility at 60 Penjuru<br />
Lane, Singapore with its 3,000 DWT dry dock to venture into ship repair business. These facilities are operated by<br />
Singapore Marine Logistics Pte Ltd.<br />
2000 Expanded our ship repair and maintenance capability with the acquisition of 58 Penjuru Lane, Singapore, with 2<br />
slipways. This enabled us to operate more efficiently as well as offer our customers more flexibility.<br />
We incorporated <strong>Swissco</strong> Offshore Ltd to hold our foreign-flagged vessels.<br />
2002 Incorporated Regional Marine Services Pte Ltd to engage in business of supplying ships with spares, stores and other<br />
provisions.<br />
2003 Together with other partners, we incorporated Swisko Marine (Malaysia) Sdn Bhd and Asia Pacific Marine Ltd to cater<br />
to Malaysia’s growing oil & gas industry.<br />
2004 On 29 January, we incorporated <strong>Swissco</strong> International <strong>Limited</strong> as a public company limited by shares.<br />
On 16 November, the Company was admitted to the Singapore Exchange Securities Trading <strong>Limited</strong> Dealing in<br />
Automated Quotation System (“SGX-SESDAQ”), bringing the Group onto the next level of growth.<br />
CONTENTS<br />
Group Structure 01<br />
Chairman’s Statement 02<br />
Corporate Profile 04<br />
Our History 06<br />
Board of Directors 08<br />
Key Management 10<br />
Corporate Information 11<br />
Operations Review 13<br />
Our Vessels 14<br />
Financial Review 16<br />
The listing of the shares of <strong>Swissco</strong> International <strong>Limited</strong> on the SGX-SESDAQ was sponsored by Phillip Securities Pte Ltd.