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Swire Pacific Offshore has announced its intention to list its subsidiary Swire Blue Ocean on the Oslo Stock Exchange. In connection with the listing Swire Blue Ocean will be undertaking a rebranding process and will be renamed Cadeler.
The proposal to take the offshore wind turbine transportation and installation company public comes on the back of the announcement of expansion plans for the Danish operator. The jack-up vessels Pacific Orca and Pacific Osprey are planned to be fitted with new cranes, enabling them to handle future turbine models currently under design by manufacturers. Swire Blue Ocean has also issued RFPs to international shipyards for the construction of a new build wind farm installation vessel, with an option for a second. The bespoke vessel design has been under development for some time, in conjunction with GustoMSC.
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