SINGAPORE: Service support firm for the oil and gas industry Swiber Holdings said it has secured several contracts worth a total of about US$216 million since the start of the year.
These contracts are for offshore construction projects and vessel chartering services in Southeast Asia and South Asia.
In a statement to the Singapore Exchange, Swiber also said its Middle East joint venture has secured a contract amounting to over US$38 million for vessel chartering services in the Middle East.
The company added that these contracts have kept its healthy order backlog at over US$1.0 billion.
Swiber shares rose nearly 5 per cent to 65 cents with some 8.5 million shares changing hands in morning trade.
Investing in stocks is a lot like lending your friend money - Note: This article is a collaboration between The Good Investors and The Woke Salaryman. It was written by me and edited by He Ruiming. An earlier version ...
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