Swiber goes into liquidation

OE Staff
Friday, July 29, 2016

The board of directors of Singapore-based Swiber Holdings has applied to wind up the company.

A hearing will be held on 19 August. The firm also applied to put the company into provisional liquidation. Staff from KordaMentha have been appointed provisional liquidators.

Several senior staff also resigned, including executive director Nitish Gupta, CFO Leonard Tay and Vice Chairman Francis Wong. 

Swiber, founded in 1996, was an offshore construction and support services provider, providing engineering and construction services.

It has 13 vessels and had about 2700 staff. The firm was listed on the Singapore Exchange in 2006.

Categories: Engineering Asia Construction

Related Stories

Beating the Heat: R.W. Fernstrum & Company Turns 75

Valeura Energy Consolidates Thai Oil and Gas Assets

HydroWing Inks Deal with PLN for Indonesia’s First Tidal Energy Plant

Current News

Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data

RWE Picks Home Port for Construction of Denmark’s Largest Offshore Wind Farm

Halliburton Misses Profit Estimate Following Damaging Cyber Attack

Türkiye Offshore Wind Roadmap Outlines Up to 7GW Potential by 2040

Subscribe for OE Digital E‑News