Press Release : Joint Venture Agreement Between Sing Swee Bee Group & Gabadi S.L.
Gabadi S.L and Sing Swee Bee Group entered into a joint venture partnership agreement on 29 November 2016, on the construction of small-scale LNG membrane vessels, retrofit and repair works for LNG membrane vessels in Southeast Asia, Australia and New Zealand.
The agreement was signed by Mr Peh Lam Hoh, Managing Director of Sing Swee Bee Group and Mr Antonio Jose Llago Hermida, Chief Executive Officer of Gabadi S.L. The event was graced by Dr Koh Poh Koon, Minister of State, Ministry of Trade and Industry, and His Excellency, Ambassador Miguel Angel Navarro Portera, Ambassador of Spain to Singapore.
Gabadi S.L. and SSB Group have been collaborating since year 2014. With Gabadi being the first company to obtain TALA license from Gaztransport & Technigaz (GTT) as an outfitting company for LNG membrane vessel, and SSB, the only Singapore company (1 of the 4 companies in the world) certified to render LNG membrane global test for GTT’s cargo containment system, both companies look forward to develop local capability not only in LNG membrane repair and testing, but also in the construction of small-scale LNG membrane vessels.
The joint venture aims to significantly expand both companies’ capabilities in their respective field, as well as providing a complete solution to shipyards, achieving a sustainable competitive advantage among the competitors in the industry.
Commenting on the signing, Peh Lam Hoh, Managing Director of Sing Swee Bee Group said, “This initiative will not only allow SSB Group to bring in the engineering technology, expertise and experience in LNG membrane construction to this region, but will also enhance SSB Group’s small-scale LNG supply chain solution to our clients in Southeast Asia, Australia and New Zealand.”