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Swiber Holdings rated buy

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AmResearch in a Dec 14 research report says: “Swiber has secured two letter of awards potentially worth up to a combined US$82 million from oil companies to provide offshore support vessels in South-East Asia. The first award is an extension of a contract in Myanmar to provide two vessels for five months. The other award involves a charter period of two to five years for four vessels to an undisclosed oil & gas company.

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