SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited

CORPORATE PROFILE
Out Port Limit (OPL) Shipping Services
With the advantage of being strategically located between the East and West shipping
routes, the Port of Singapore has become one of the world’s busiest ports. Ships calling
at Singapore port to load or unload cargo constantly require marine support services
such as heavylift operations, afloat repairs, supplies and barge services. Ships passing
Singapore on their way to the next port also use Singapore for their re-supply of fuel,
water, provision and crew change at OPL.
Being one of the pioneer operators in this field, we currently have a fleet of OPL Boats
with different characteristics to cater to the different needs of our customers. We
provide ship owners and local shipping agents with services to commercial ships
passing Singapore at OPL. We are also able to facilitate repair works and changing of
anchor and chains with our range of OPL Boats and barges. Coupled with our own
warehousing facilities, forklifts, cranes and land transport vehicles, we are able to add
value to the range of marine logistics services offered to our customers.
Ship Repair and Maintenance
Singapore’s strategic location on the international shipping route as well as being
the leading logistics player in the region ensures a heavy volume of mercantile traffic
passing through Singapore. These vessels involved would require regular repair and
maintenance to ensure their seaworthiness and to meet certification requirements.
Our subsidiary, SML operates our ship repair and maintenance yards at 58 and 60
Penjuru Lane, Singapore.
With 2 slipways, a waterfront and a 3,000 DWT dry dock, our facilities cater to our
market niche of smaller to mid-sized capacity vessels plying this region. Our customers
here are generally owners of tugs, barges, small tankers and other smaller crafts.
Despite competition from yards located in neighbouring countries, we have been able
to remain competitive due to our higher productivity and specialisation in this market
niche. Singapore’s status as a logistics hub also ensures spares and equipment are
competitively priced and available to help reduce vessel downtime for owners while
we carry out repairs. This enables us to release the owners’ vessels back into operations
faster. We also build tugs and barges for our own use and for other customers to
complement our ship repair and maintenance services.
Competitive Strengths
Young fleet of offshore support vessels
• We have a policy of operating a young and modern fleet of offshore support
vessels, with an average age of about 4 years
• It enables us to enter the higher value added sector of the business
Pioneers in the OPL business
• As one of the pioneers in the OPL business, we have built a good track record
and reputation
• We have the ability to expand our customer base and enter into new businesses as
opportunities arise
Well-established business relationships with our suppliers and customers
Ability to provide competitively-priced, value added services to customers
• We retain and secure new customers by being competitively-priced and by offering
value added services such as the use of our private wharf facility, material handling
equipment, machinery and warehouse
• High utilisation rates for our dockyard, afloat repair facilities and offshore support
vessels
Dedicated, competent and experienced management team
• Executive Chairman, Mr Yeo Chong Lin has been in this business since 1972 and is
one of the pioneers in the marine logistics business in Singapore
• Together with our key executives, Chief Executive Officer Mr Alex Yeo Kian
Teong and Managing Director of SML, Mr E K Lim, they have 64 years of collective
experience and expertise in the industry
ANNUAL REPORT 2004_5