[INDUSTRY NEWS] The
Manitowoc 31000 lifted the 55 m tall cold box, which measures nine meters square off a flat-bed trailer in tandem with a 600 tonne
capacity Manitowoc 18000, also owned by Chunjo. Once airborne and upright, the 31000 carried the load to its final location. The entire operation took less than two hours. y
Celebrating Gaylin’s First Year Listing on the Mainboard of Singapore Exchange
> With a history that started in 1974, Gaylin Holdings Limited has grown to become one of the largest Singapore-based multi- disciplinary specialist providers of trusted
rigging and lifting solutions to the global offshore oil and gas industry. Since listing on the Mainboard of the
Singapore Exchange Securities Trading Limited a year ago, Gaylin has achieved sterling performance with their market capitalization rising nearly 70% to almost S$250 million. In FY2013, the business achieved record revenue of S$77 million. The Group’s remarkable growth is backed
by their continuous drive for excellence and astute expansion in the region. Together, Gaylin’s manufacturing and warehousing facilities in Singapore, Malaysia, Vietnam and China span an aggregate area of approximately 524,354 sq ft, supported by a strong workforce of about 230 employees. From these strategic bases, Gaylin serves a large diverse base of offshore oil and gas customers from Asia, Oceania, Europe, the Middle East and Africa. In a press release, Gaylin Holdings is
quoted: “Our achievements thus far, would not have been possible without the support and trust of our stakeholders, namely our customers,
business partners, staff and shareholders. We would like to express our heartfelt gratitude to all of you for your confidence in Gaylin. With a strong foundation laid, we aim to further expand our reach in the Asian region and lift Gaylin to greater heights.” In addition to celebrating their first year
listing on the Mainboard of the Singapore Exchange, Gaylin has also announced the acquisition of RigMarine with 51% shares of the company. RigMarine specializes in a complete range of lifting and marine products, as well as associated services to the oil and gas
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NOVEMBER-DECEMBER 2013
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