Swissco Holdings Ltd (SWCO)

As of July 30, 2014, Swissco Holdings Limited was acquired by Scott and English Energy Pte. Ltd. in a reverse merger transaction. Swissco Holdings Limited, together with its subsidiaries, provides marine services for the shipping and offshore oil and gas industries. The company owns and operates tugs and barges; offers offshore support vessels for charter to carry out towages, as well as to transport personnel, cargo, and supplies; and carries out standby duties and anchor handling. It also owns and operates waterfront yard and ship repair facilities that provide ship repair and maintenance services to small and mid-sized marine vessels. In addition, the company provides support services, such as heavy lift operations, afloat repairs, warehousing, forklifts, cranes, land transport vehicles, ship’s supplies, and barge services; operates various out-port-limit (OPL) boats for ships, which stop for fuel and water replenishment and crew changes; and assists ship owners and agents with their ships passes at OPL. Further, it offers maritime services, including assistance for sourcing marine and offshore equipment, supplies, and consumables for various offshore projects, as well as sourcing of vessels for sale to customers. As of December 31, 2013, the company owned and operated 34 offshore support vessels. Additionally, it owns and operates 2 slipways and a 3,000 DWT docking yard. The company has operations primarily in Singapore, Indonesia, Malaysia, Australia, and Saudi Arabia. Swissco Holdings Limited was incorporated in 2004 and is based in Singapore.