Singapore offshore vessel operator and marine engineering player Kim Heng has taken full ownership of its subsidiary Bridgewater Offshore. The owner and operator of around 30 OSVs has bought out its joint venture partner Philip Capital, taking its 49% stake for about $5.1m Bridgewater Offshore was incorporated in Singapore in 2019 as a 51/49 jv to own, manage and operate offshore support vessels. “The acquisition is in the commercial interest of the group as it will enhance the capacity and capability of the group’s chartering segment,” Kim Heng said in a stock exchange filing. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsSingapore