Singapore offshore company surrenders to oil crisis
![Photo: Ed Wray/AP/POLFOTO/arkiv](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article7256168.ece/ALTERNATES/schema-16_9/singapore2.jpg)
Offshore carrier Swiber holdings, which is listed on the Singapore Stock Exchange and according to its own information boasts a fleet of 51 vessels, has entered into recievership. It is the first large company in Singapore's offshore sector to become a victim of the slowdown in the global industry after the company lost much of its order book as a result of cancellations and postponements.
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