Singapore’s Swire Pacific Offshore (SPO) said it will close its wholly owned Norwegian subsidiary, Swire Seabed AS, and its three associated companies, namely Swire Seabed Subsea AS, Swire Seabed Shipping AS and Swire Seabed Sea AS at the end of February 2020
SPO managing director Peter Langslow said: “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. Over the years, the Swire Seabed team has had a number of significant achievements, and I would like to recognise the hard work and professionalism of our colleagues, both seafarers and shore-based employees.”
Prior to the announcement, Swire Seabed had consulted staff representatives and also communicated with the employees in the Swire Seabed companies. SPO said it will also render support to employees of Swire Seabed and assist them in their career transitions.
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.