Singapore: Daewoo International to Build OSV for Swire Pacific Offshore

M/V Pacific Champion, one of Swire Pacific's vessels

Daewoo International, the trading arm of POSCO, announced on May 25 that it won a large shipbuilding order in cooperation with Sungjin Geotec, another POSCO affiliate.

Sungjin Geotec specializes in offshore plant equipment and modules for global energy markets.

Under the deal with Swire Pacific Offshore (SPO) of Singapore, Daewoo International will build a $20 million offshore supply vessel (OSV). Daewoo International and Sungjin Geotec will deliver the vessel to SPO within one year.

An offshore supply vessel is used for diving assistance or oceanographic surveys for offshore oil platforms. Amid a worldwide boom in marine energy exploration, OSVs are becoming increasingly important.

The victory was a result of Daewoo`s extensive overseas network and information power, combined with specialized technologies of Sungjin, which has long been involved in the OSV market,” Daewoo International said in a press release.

“This will be remembered as a good example of how partnership between different POSCO affiliates can create synergy,” it went on.

“The partnership with Daewoo International was the key ingredient to winning the contract,” a Sungjin representative commented. Sungjin Geotec plans to strengthen its ties with Daewoo International to expand its presence in global OSV markets.

Subsea World News Staff , June 01, 2012;  Image: Swire

Share this article

Follow Subsea World News

Events>

<< Jul 2015 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

SPE Offshore Europe

Offshore Europe 2015 (OE 2015) conference and exhibition from the Society of Petroleum Engineers attracts a global audience of engineers…

read more >

Africa International Petroleum Conference & Exhibition (AIPEC) 2015

The conference will cover areas like While the Window of Opportunities Continues to Widen for the Oil and Gas Industry, Creating Immense…

read more >

Deepwater Intervention Forum

The conference named as Deepwater Intervention Forum will cover areas like designing to reduce training time, developing competency in well…

read more >

Subsea UK’s Challenge Cup

Swing for victory as you compete with teams from around the sector in Subsea UK’s Challenge Cup. An opportunity for networking and fun. Includes 18 holes of golf with a shotgun start, starting with bacon rolls, refreshments at the half-way house and concluding with a late lunch and the prize-giving.

More info 

read more >