Norwegian offshore service company announced their closure

Swire Seabed Constructor in port.

Swire Pacific Offshore (SPO), a Norwegian offshore service company, has announced that by February 2020 it will be closing its wholly owned subsea services subsidiary, Swire Seabed AS as a result of the effects of the prolonged industry downturn. After that, the operation will be relocated to its Singapore office.

The inspection, maintenance and repair (IMR) and light construction vessels, which are currently managed by Swire Seabed, will be operated and marketed as part of SPO’s core fleet from its Singapore head office. The Norwegian vessels will be re-flagged to Singapore. SPO’s OSV services and its offshore windfarm installation business, Swire Blue Ocean, will not be affected by these changes, the company said.

Swire Seabed operates four multi-purpose support vessels, Seabed Worker, Seabed Supporter, Seabed Constructor and Seabed Stingray, according to its website.

“It is an extremely difficult decision to close Swire Seabed’s operations in Bergen, but the ongoing state of the market makes this restructuring of our subsea operations necessary,” SPO’s Managing Director, Peter Langslow, said in a statement.

“Over the years, the Swire Seabed team has had a number of significant achievements and I would like to recognize the hard work and professionalism of our colleagues, both seafarers and shore-based employees.”

“Swire Seabed will close along with Swire Seabed Subsea AS, Swire Seabed Shipping AS and Swire Seabed Sea AS effective from the end of February 2020,” SPO said.

 

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  2 comments for “Norwegian offshore service company announced their closure

  1. November 20, 2019 at 08:21

    Dear Zazithorn,
    Greetings from Swire Pacific Offshore.

    I’m writing with regards to the article, Norwegian Offshore Service Company relocates to Singapore, dated 19 November 2019. Thank you for sharing the news on your website. We would like to request for a correction of the header as the mentioned company, Swire Seabed AS will be closed, together with its associated companies and not relocating to Singapore as indicated in the header. Kindly correct the misleading header in your website, and other related postings. I would appreciate if you could inform me when the correction is done. The IMR and light construction vessels, which are currently managed by Swire Seabed, will be operated and marketed as part of SPO’s core fleet from the Singapore Head office.

    The announcement that we have posted on 13 November as seen in this link for your easy reference, https://www.swirespo.com/Media-Room/Announcements/Swire-Seabed-Closure

    Thank you
    Warmest regards,
    Dorothy NG
    Corporate Communications Manager
    Swire Pacific Offshore

    • Zazithorn Ruengchinda
      November 20, 2019 at 15:43

      Dear Dorothy

      I was waiting for approval from my senior and have changed back to original headline. There was a part mentioned relocating to Singapore so I found the announcement relative to what we are looking for. I had no intention to misleading. Wisihing you a great day.

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