PaxOcean Engineering in Singapore recently awarded Noreq the contract for the delivery of a full lifesaving package for two semi-submersible accommodation rigs. The contract is for eight lifeboats and davits and one fast rescue boat and davit per rig. PaxOcean consists of six shipyards in Asia offering Ship repair, conversion, offshore vessel newbuilding and rigs construction services. In 2012, Pacc Offshore Services Holdings (POSH) awarded PaxOcean the contract for conversion of one unit well intervention vessels to a high specification DP3 Semi-Submersible Accommodation Vessel (SSAV).