An investment fund has made an offer for court-managed Singapore owner Swissco Holdings' OSV business.
Court-appointed judicial managers from EY said the Asian Strategic Turnaround Ventures fund will spend $28.5m buying shares in three Swissco-related entities controlling 26 vessels, according to the Business Times.
It will take 100% of Swissco Offshore (SOPL) and Singapore Marine Logistics, plus Swissco's 49% slice of Malaysia-incorporated SW Marine.
