Swire Orders New Offshore Vessels from Mainland China Shipyard

Swire Pacific Offshore Holdings Limited (SPO) has signed an agreement with Qingdao Qianjin Shipyard, Qingdao, to build eight new ‘P’ Class Anchor Handling Tug Supply vessels (AHTS) for delivery in 2010 and 2011. The agreement was signed on 24th January by SPO’s Managing Director, J.B. Rae-Smith and the President of Qingdao Qianjin Shipyard, Mr Ming Shiwei, and is the first time that the Singapore-headquartered provider of specialist support services to the global offshore oil and gas industry has placed an order with a Mainland shipyard.