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


<< Nov 2015 >>
26 27 28 29 30 31 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 1 2 3 4 5 6


This course will provide a complete and up-todate overview of the area of Subsea Pipeline Engineering, taking delegates through the pre-design…

read more >

Marine Warranty Surveying

This distance learning course addresses the core competencies of warranty surveying, presenting the background knowledge and practical…

read more >

66kV Offshore Wind 2015

The only networking event on 66kV array grids.

66kV Offshore Wind is a technical event for experts in the wind industry. The goal is to provide a clear path to commercial implementation of 66kV array grids. By exploring developer requirements, WTG capabilities and equipment certification, we hope to reduce both uncertainty and time to implementation for 66kV offshore wind.

The conference aims to:

  • Evaluate project requirements to select 66kV inter-arrays
  • Explore turbine requirements for use in 66kV systems
  • Review certification procedures for higher voltage equipment
  • Evaluate the technology and cost impacts on transformers, cables and switchgears
  • Understand the need for reactive power compensation in offshore substations

More Info

read more >

Introduction to the Upstream Petroleum Industry

The course will provide an overview of the key aspects of the upstream petroleum industry, including exploration, risk factors, drilling…

read more >