In terms of market development, we have set up offices in India, Brunei, Indonesia, Malaysia, Thailand and the Middle East to increase our presence in these countries. Moreover, we have also entered into various collaboration agreements and MOUs in Vietnam, Brunei, Thailand, Malaysia and the Middle East.
Looking ahead, we will continue to explore strategic alliances throughout the Asia Pacific, the Middle Eastern and South American regions, as part of our strategy to increase our presence geographically.
Newcruz Shipbuilding and Engineering: Shipbuilding, design and engineering Capabilities
In September of 2007, Swiber acquired a 2.4 hectare shipyard located in Tuas Crescent, Singapore and renamed it as Newcruz Shipbuilding and Engineering. The 124m water frontage shipyard includes: a two-storey main building, a single-storey workshop, a three-storey office, a slipway, a wharf and working yard. An experienced management team and workforce operate it.
Principia Asia Pacific: Engineering Services
Swiber formed a 50-50% joint venture partnership between Newcruz and Principia Recherche & Development SA in February 2008 for the supply and sale of studies, design of offshore and marine facilities and related services in the offshore and marine industry in South East Asia. With an engineering office set-up in Singapore, the Group is targeting 100 engineers in-house by 2009.
Kreuz Subsea Pte Ltd: Support Services
Saturation Diving and Air DivingAssorted subsea services associated in the oil and natural gas industries Pipeline installation support Flexible pipe installation I-J tube/ riser clamp/installation Installation of subsea structures, PLEMS, SSIV Assistance in pre-com work of pipelines Saturation diving system: 2 x 9 man 200m system Inspection, maintenance/repair services of subsea structures pipelines/ platform/ PLEMS/ SSIV In Year 2009, availability of DP DSV x 2
Modern and well equipped, our current fleet of 44 marine assets is one of Swiber’s critical success factors that impart improved efficiencies, timely project delivery and competitive pricing to our customers. Swiber will further hone our business edge by continuing to invest in newer and more technologically sophisticated construction and support vessels. To support the pace of our business growth, we have a targeted investment plan of 52 vessels by 2011.
- Cargo/ flat-top barges
- Utility/ towing boats
- Anchor Handling Tug Supply (AHTS)/ Anchor Handling Tugs (AHT) boats
- Subsea support vessels
- Jack-up barges
- Pipelay barges
- Crane barges
- Accommodation barges
- Submersible barges