Tidewater Completes Swire Pacific Offshore Acquisition
U.S.-headquartered offshore support vessels (OSV) owner Tidewater Inc. on Friday announced it has completed its acquisition of Singapore's Swire Pacific Offshore Holdings Limited (SPO), creating the industry’s largest OSV fleet.The $190 million transaction adds 50 vessels to the Tidewater fleet, which now stands at more than 200 vessels in total, including crew boats, tug boats and maintenance vessels.SPO, now formerly a subsidiary of Swire Pacific Limited, will operate under the Tidewater brand name.
'World's Largest OSV Fleet': Tidewater to Buy Swire Pacific Offshore
U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create the industry’s largest fleet of offshore support vessels with 203 vessels in total, including crew boats, tug boats and maintenance vessels. "SPO’s fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs; pro forma for the transaction…
Swire Pacific Offshore wins Industry Award at IMA
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) won the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) 2015 ceremony held on Tuesday, 21 April 2014 at The Ritz-Carlton, Millennia Singapore. Held as one of the anchor events of the Singapore Maritime Week (19 - 24 April 2015), the biennial Singapore IMA ceremony seeks to give recognition to individuals and companies for their contributions to Singapore's development as a premier global hub port and an international maritime centre. The event is organised by the Maritime and Port Authority of Singapore (MPA). “Winning the SRS Shipowner of the Year award is a great honour for SPO as we celebrate our 40th anniversary this year.
Swire Pacific Offshore Acquires 2 Newbuildings
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel, and Pacific Goldfinch, a Platform Supply Vessel (PSV) at the dual vessel naming ceremony held on Tuesday, 24 March 2015 at Loyang Offshore Supply Base. The naming ceremony was graced by Lady Sponsor, Mrs Joy Slosar, wife of Mr John Slosar, Chairman of Swire Pacific Limited and SPO and attended by SPO Board Members, employees and key project partners. “The addition of Pacific Centurion and Pacific Goldfinch continues our strategy of developing a modern, fuel-efficient, well-specified and reliable fleet capable of supporting the exacting requirements of the offshore industry around the world.
ST Engineering Wins $60m Shipbuilding Contracts
Singapore Technologies Engineering Ltd (ST Engineering) reports that its marine arm, ST Marine, has won two shipbuilding contracts worth about $60m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited. These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding contract with SPO, announced in June 2011 for four AHTS vessels. For these contracts, SPO will supply a larger proportion of the major equipment for ST Marine’s integration and installation. Construction will commence in 2013. These two AHTS will adopt the latest Dynamic Positioning technology and will be Special Purpose Ship 2008 compliant.
ST Marine Successfully Delivers Its First Seismic Survey Vessel
Singapore, 28 March 2011 – ST Marine has successfully delivered its first Seismic Survey Vessel to Swire Pacific Offshore Operations (Pte) Ltd (Swire), a wholly owned subsidiary of Swire Pacific Limited. In December 2008, ST Marine announced the S$30m contract to provide detailed design and to construct the 68-metre Vessel for Swire. Work commenced in 2009. The contract from Swire was awarded on the back of a charter which Swire secured with a major player in the seismic market.
ST Engineering-Contract for Survey Vessel
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a S$30m contract to provide detailed design, construction and outfitting of a 228 ft seismic survey vessel for Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly-owned subsidiary of Swire Pacific Limited. Construction is expected to commence in May 2009 and delivery is planned for the second half of 2010. This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
