Union Task Force Aims to Replace U.S. and European Mariners Working Offshore Africa

A multi-national labor union group announced a special task force this month aimed at cutting the number of U.S. and European citizens working aboard offshore service vessels active in African waters. The unions want to boost the numbers of African nationals employed, reducing reliance on foreigners to crew the boats vital to the continued operation of the offshore oil … [Read more...]

Swire Pacific Sees 71 Percent Jump in Profits

Swire Pacific Offshore (SPO) reported very positive results in their mid-year financial report today. The Hong Kong-listed offshore supply vessel operator notes their profits are up 71 percent to HK$679 million over last year's figures. This increase can be partially attributed to increased charter rates received by SPOs new, specialized vessels which have been added to … [Read more...]

Azipods Chosen by Swire Pacific for Windfarm Installation Vessels

ABB recently delivered four Azipod C propulsion systems for the Blue Ocean II Wind Turbine Installation Vessel built by Samsung Shipyard in Korea. This is a repeat order from Samsung Shipyard, following a similar scope for the first Blue Ocean Wind Turbine Installation Vessel delivered in September, 2011. The two Wind Turbine Installation Vessels Samsung built will be … [Read more...]

World’s Largest Windfarm Installation Vessel Delivered by Samsung Heavy

Singapore-based shipping company, Swire Pacific Offshore, has accepted delivery of the Pacific Orca, which at 161 meters in length, is the world's largest vessel specifically built to install offshore wind farms.  She was built by Samsung Heavy Industries in Korea. The wind farm installation vessel is a new special vessel for which demand is expected to grow as the focus of … [Read more...]

Swire Pacific Expanding Fleet To Tap Global Oil and Gas Exploration

HONG KONG (Dow Jones)--Swire Pacific Ltd. (SWRAY, 0019.HK) said it will spend HK$11 billion ($1.4 billion) over the next two years on building energy support vessels to tap the robust growth in global offshore oil and gas exploration activities as high fuel prices persist. The Hong Kong-listed and -based conglomerate, whose business spans property, aviation, marine services, … [Read more...]