The Singapore-listed offshore vessel owner revealed lastweek it would invest SGD 285m ($226.3m) to take control of Scott and EnglishEnergy, a compatriot company that owns four drilling rigs.
Swissco’s made a net profit of SGD 23m last year,triple the level seen a year earlier, thanks to its rapid expansion.
The company is scheduled to take delivery of six more newbuildingsby the end of the year and four in 2015, taking its total fleet to 44.
