Swire Pacific Ltd News

Leading shipping services group, Clarkson PLC, says that James Hughes-Hallett will join the Board as a Non-Executive Director with immediate effect and will take over as Chairman from 1 January 2015 when Bob Benton will retire from the Board. Clarksons explain that James Hughes-Hallett brings a wealth of experience in the world of shipping, transportation, offshore and global trade, having worked for the Swire group since 1976. He is currently chairman of John Swire & Sons Limited, a Non-Executive Director of Cathay Pacific Airways Ltd, Swire Pacific Ltd and Swire Properties Ltd. He is a Director of Steamships Trading Co Ltd and is Chairman of United States Cold Storage Inc.

The 2004-built, 25,268dwt Liberian-flag chemical tanker Stolt Valor, has arrived at Bahrain’s Arab Shipbuilding & Repair Yard (ASRY) for repairs, following a fire and explosion in one of her cargo tanks while transiting the Arabian Gulf on 15 March this year. Stolt Valor arrived at ASRY in convoy with the three large tugs: 1,797grt Anchor Handling Tug/Supply vessel Caribbean Fos, owned by Greece’s Five Oceans Salvage; the 450grt tug  Pacific Typhoon, owned by Swire Pacific Ltd and the 1,290grt Anchor Handling Tug/Supply vessel Lamnalco Mesite, owned by Smit Lamnalco Ltd, Cyprus.

Swire Pacific Offshore, a Singapore-based unit of Hong Kong listed Swire Pacific Ltd, is reportedly investing more than $50 million to buy four new vessels.