Kim Heng secures one-year charter for two vessels

Singapore-based Kim Heng Offshore & Marine Holdings has secured a one-year charter for two anchor handling tug supply (AHTS) vessels.

Starting this month, the contract for Bridgewater 131 and Bridgewater 132 involves support for offshore drilling activities in Malaysia.

They will service projects operated by an independent oil company and a national oil company-linked entity.

Kim Heng bought the vessels from an auction held for the assets of Swiber Holdings after the latter entered into judicial management.